HMT Tech..281% sales growth at a trailing PE of only 17 Message Board

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Technology Stocks : HMT Tech..281% sales growth at a trailing PE of only 17

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To: Bill McCullen who wrote (302)	10/22/1996 5:44:00 PM
From: Joon W. Kim	of 317

Lower revenue was due to two reasons: 1. Pricing pressure from Komag on 2000 oe thin film disk. Average selling price per disk was $11.94, down from last quarter of $13.94. 2. One customer asked them to delay a shipment until this quarter because they did not want to show inventory on their quarterly report. HMT is ramping up 2200 oe disks to volume production level this quarter. I believe ASP should improve going forward. As for the capacity expansion, they 4 new lines will be coming in during the Q1 of 1997. I listened in on HMT conference call yesterday, and I do not think HMQ's downgrade is warranted.

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