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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
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To: George who wrote (535)3/4/1997 6:49:00 PM
From: X Monger   of 1985
 
George,

It's good to see that you can string together a few sentences. Just a couple of notes:

1-At a stock price of $3 the mkt cap is $342 mil (114 mil shares are outstanding after taking into account the effect of only the first private placement).

2-The book value of JTS for the most part reflects the dismal operating history of ATARI Corp and to a lesser extent the costs involved in merging Atari into JTS.

3-Sales for the year ending 1/31/98 will likely be in excess of $500 mil. (Mgmt has stated that in Q1 sales are expected to be 100+ mil, with sequential growth from there)

4-Earnings, margins are anyone's guess as the limited operating history of this company doesn't provide much insight on how well JTS can execute its strategic plan.

Can JTS do better than the industry's razor thin margins by manufacturing in India? Perhaps!

Will JTS's sales grow faster than SEG, QNTM, or WDC? Probably.

If JTS grows faster and gets fatter margins for its products you would think the market will give JTS a decent multiple?

We'll just have to wait to see how the story plays out. But if you think a $9-10 share price for JTS is what dreams are made from, you my friend, need to do the waking up.

Xmonger
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