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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET!

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To: bob yahnke who wrote (1991)6/12/1998 8:43:00 AM
From: TimKP  Read Replies (1) of 2253
 
FWIW - Smith Barney (6/8/98) report maintains a strong buy on HMTT with a target of $19 (down from earlier target of $31).

They did lower estimate for this qtr from 0.27 to 0.23 and FY99 estimate from $1.32 to $1.28.

Some highlights:

* HMTT managing very well in tough environment (no kidding!!) with leading technologies and broad/solid customer base.

* major concern this qtr is that business with Iomega may come up light and won't be fully offset by Syquest.

(Sorry if this was already posted)
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