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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )
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To: Kent Sarikaya who wrote (648)5/4/1999 2:12:00 PM
From: rich evans  Read Replies (1) of 718
 
EMC news today could be bad for AFLX/SFLX as ECM is one of their customers I think.But do not know about Hitachi. Here is another post on the Disk Drive Thread to give us hope.

>The surplus inventory of chips, disks and other computer components, caused partly by the recession in Asia and partly by cyclical overproduction, has been sold off. At the same time, demand is again increasing as parts of Asia recover and Internet growth creates the need for more chips and more computers. Also, many companies retooled themselves during the downturn last year, improving their productivity and profit margins.

Silicon Valley's disk drive industry also is picking up steam, after suffering one of the worst profit declines of any sector in the region in 1998. The valley's disk drive industry actually made about $23 million in the last quarter, and although several of the companies continue to struggle, that is markedly better than the comparable 1998 quarter's loss of $113 million.

Too much inventory had accumulated, and it needed to work its way out of the supply system. At the same time, the industry has had to adjust to the new pressures of the computer industry and the growing use of Dell Computer's build-to-operate system. That means disk drive companies have to do more just-in-time deliveries. <

Rich
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