Yet more proof of how bad a job KE is doing.
This is from Techweb (got this from Syquest thread.) Note the buy on Syquest from a major brokerage firm. Syquest can get Gruntal to cover them but Iomega can't get anyone. Just another nail in the coffin:
January 26, 1998, Issue: 773
Section: CRN Mutual Fund
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David Takata:VP Research, Gruntal & Co.
For his three-month picks, Takata is going with industry leaders IBM Corp. and Cisco Systems Inc., betting they will be spared during the current uncertain mood on Wall Street.
"IBM is a low P/E, safe haven for technology investors," Takata said. "We like IBM's service business and its ability to solve a wide range of customer problems," he added.
Meanwhile, Takata said that Cisco will continue to lead the industry through 1998. "We believe the flow of IT dollars into the networking space will outpace other segments of technology," he said. "Cisco is becoming the de facto standard for many networks."
For his one short, Applied Magnetics Corp, Takata said the company is "making a difficult transition from thin-film inductive heads to magneto-resistive. We believe the transition will be more difficult than customers and investors can handle."
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$98,621
3-Month Picks:
Buy.......:IBM
Buy.......:Cisco
6-Month Picks:
Buy.......:Syquest |
