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Technology Stocks : EXABYTE

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To: nirmal who wrote (11)3/17/1996 12:29:00 AM
From: Joe Arsa   of 218
 
I believe the response over the past fews sessions is a result of the Morgan Stanley conference last Wednesday. Exabyte presented their outlook of upcoming products including the Mammoth and the Eagle TR-3 based on TraVan technology.

The Eagle TR-3 is priced to compete with Iomega. I'd watch to see if Exabyte can take some market share from Iomega.

First Call has earnings in range of $1/shr. Just 6 weeks ago, IBD had EXBT as garnering 75 cents. I guess there've been several upgrades recently, hence the stock increase.

Momentum is the key, so if the range has been upped from 75 cents to $1, I'd look for more increases over the next 6 months.
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