Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 174.98

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3:59 PM EST

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To: Sam who wrote (4281)	8/31/1998 12:41:00 PM
From: Mark Oliver	Read Replies (2) of 9256

Yeah well, market is sure beating the disk drives to death. Not surprising since they have little to show compared to some really great companies with earnings and everything, but still, at what point is this a little over done? Seems like QNTM at $12 1/2 or less is very cheap. What do you think is the logic here? Are we likely to see this go below $10 and do you all think the recovery is going to be an event of the distant future? Looks like the value of the Dollar is falling. Is this going to bring down prospects for disk drives, or help? When the asian currencies crashed, it signaled a major decline in profits for many companies. Now, if the dollar is adjusting down what will that mean? Is it time to sell these companies even though they are down and move into either better companies, or hold cash for what will continue to be a death by a thousand cuts as the market ticks off value day after day? What will we need to signal a rally? Regards, Mark

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