Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 157.75

+1.5%

Nov 26 3:59 PM EST

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To: Frodo Baxter who wrote (2924)	3/26/1998 12:31:00 AM
From: Mark Oliver	Read Replies (1) of 9256

We're in denial because the keep throwing us a bit to hang on. ''Based upon our current outlook we believe that our second quarter net sales should rebound sharply from the severely depressed level of the first quarter. Intense pricing pressures arising from an excess supply of disk media, however, will dampen the positive effects of higher unit sales in the second quarter. While our second quarter financial results should improve on a sequential basis, we currently expect to report a net loss in the second quarter ending June 28, 1998,'' said Stephen C. Johnson, president and chief executive officer of Komag, Incorporated. Anyway, it's not so simple. The whole premise of share price is built on some mysterious mixture of greed and fear. It's not rational. At the moment, people have no fear, but a high amount of greed. Makes what should be an obvious short, turn into a trap. Regards, Mark

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