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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 163.26+3.5%12:59 PM EST
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To: xamir who wrote (2932)3/27/1998 5:25:00 PM
From: LK2  Read Replies (1) of 9256
 
We are approaching a bottom for disk drive sector:
>>>
16:32 [FERO] FERROFLUIDICS SEES LOWER REVS AT SYS DIVISION FOR 9-12 MOS.
16:32 [FERO] FERROFLUIDICS SEES NEW PULLERS ORDER CUT TO $5.7 MLN.
16:31 [FERO] FERROFLUIDICS SAYS CUSTOMER RENEGOTIATING $9M PULLERS ORDER
16:30 [FERO] FERROFLUIDICS CITES DELIVERY RESCHEDULE TO MAJOR CHIP MAKER
16:30 [FERO] FERROFLUIDICS SEES Q3 REVS LOWER THAN ESTIMATES.
16:29 [FERO] FERROFLUIDICS SEES Q3 CHARGE TO EARNS OF $3.5 MLN.
16:29 [FERO] FERROFLUIDICS CITES SOFT CHIP MARKETS IN ASIA FOR CUTS.
16:28 [FERO] FERROFLUIDICS TO CUT SYSTEMS DIVISION SIZE ON LOWER DEMAND.
<<<
The more companies that report poor earnings, the closer the bottom gets.

Best wishes/happy investing
Larry

PS: A bottom is seen only in hindsight. That's one reason Wall Street is able to make money (plus, they get all the news, and they get it first, which also helps).
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