Maxtor (MXTR) Message Board

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Technology Stocks : Maxtor (MXTR)

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To: sdheart who wrote (208)	4/11/1999 8:17:00 PM
From: witurac	Read Replies (1) of 467

Something I just run across. Maxtor Corp: MXTR Web site Business Summary from Yahoo! Maxtor Corporation (NEW) develops, manufactures and markets hard disk drive products to customers who sell their products in the personal computer industry. Customers include OEMs, distributors and retailers. For the fiscal year ended 12/26/98, total revenue rose 69% to $2.41 billion. Net income totalled $31.2 million vs. a loss of $109.9 million. Results reflect an increase in unit shipments and higher margins due to the timely introduction of new, higher margin products. My comments: If you look at the chart, you will see a dramatic depreciation in the price of this stock. There seems to be a lot of support at the current price, which is practically at the IPO level. I see very little downside risk and a potentially huge upside reward. If you buy it now, I suggest holding for about 3 months for a possible 50% or greater return. They will announce Q1 results on April 22. Also, the recent warning from Compaq might cause some selling pressure in this stock on Monday, which would be a perfect opportunity to buy. Suggested buy price: <=$8 Suggested target sell price: >=$13 Estimated hold time: 3 months Classification: Medium risk

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