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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 140.23-8.9%Nov 20 3:59 PM EST
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To: Sam who wrote (3025)4/24/1998 3:27:00 PM
From: Mark Oliver  Read Replies (1) of 9256
 
<4. If it becomes apparent that Maxtor or Fujitsu will either get bought or will have problems expanding capacity due to the financial difficulties of their parent, then they will all shoot upward. (I am assuming that Samsung will not be a factor in this business in the foreseeable future, and that companies like Toshiba and Hitachi will remain niche, mostly captive suppliers.)>

I got the impression that Maxtor was nearing capacity and they needed to build a fab in China. I forget the details, but it would seem like they would not have the money to do it. I'm hoping this will ease capacity.

I've lost contact with WDC. I have no feeling what will happen when they report earnings next week. It seems like they are trading up on hopes. Seems pretty hard for them to come out this quarter with much positive, except like you say and better picture on inventory.

Regards,

Mark

PS As far as making money, I have made some, but not as much as I should. Held on way too long. Really got a sucker punch selling WDC calls and seeing them go way up and then go negative and all the time be tied up with calls. That was the stupidest thing I did last year. I sold some calls on them again today. Probably a buy signal.

Regards,

Mark
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