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Technology Stocks : Intevac (IVAC) !! A great takeover candidate???
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To: Paul Viapiano who wrote (294)1/21/1998 3:59:00 PM
From: T Bowl  Read Replies (1) of 365
 
Paul -

From the recent KMAG PR:

"In December several disk drive manufacturers initiated cutbacks in their
desktop product production plans for early 1998 in response to supply/demand
imbalances within the industry. This recent development, combined with the
continuing slow recovery of the enterprise-class market segment and the
increased capacity of captive media suppliers, has resulted in an excess
supply of media and heightened price competition among independent media
suppliers."

and

"In response to this situation, the company has implemented a hiring freeze
and will idle its worldwide production operations for two weeks during the
first quarter of 1998. The temporary closures of the company's U.S. and
Malaysian factories will be staggered to support customer requirements. The
company has also accelerated the closure of its remaining Milpitas, California
manufacturing facility which was originally set to close at the end of June
1998. Additionally, the company has reduced its 1998 capital expenditure
target by $40 million to $120 million."

I know they are not a customer, but statements like these(and there have been
many more) make me believe there is more downside potential to the backlog than upside.

We'll see. Release due at 4:05ET..

todd
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