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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 166.10-2.3%3:59 PM EST

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To: Z Analyzer who wrote (6078)4/16/1999 11:19:00 AM
From: La Traguhs  Read Replies (3) of 9256
 
Z,

Paul says: << a survey of 45 major companies to determine the potential for a freeze in new purchasing related to
repair of potential Year 2000 glitches, found that 30 of the companies, or 67 percent, would significantly slow or freeze
spending by the fourth quarter of this year.>>

Sounds like Y2K to me!

I didn't say I agree with Paul's "style" of rating or its timing. I agree with his assessment of the potential for end of year problems in the market because of the Y2K problem. I take his position further by saying I see the problem starting to develop in late third quarter.

Why storage being hit the hardest? 'Cause its one of the more volatile and directly affected "computing related" market segments.

Regards,
LT

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