Mark,
<<T is going to spend billions and the others will be busy too.>>
How many billions can T have left? They've already spent over $100b in less than a year now alone.
<<I thought about entering an order for QNTM last night. I'm near convinced the split is goood, but not convinced the market will not get spooked before the deal.
It's interesting that everyone is so convinced the HDD piece will fall. Maybe they are really so aware of this that they've given a big discount?>>
You know, I bought more at this level soon after the announcement. But I've been second guessing myself. QNTM keeps talking about doing something "entirely new" with network appliances, connected to the DLT division. Well, that sector is starting to get pretty crowded too, with companies as diverse as NSM and HWP saying that they are getting into it, not to mention NTAP and other existing ambitious cos. Suppose that business becomes the next sinkhole? Perhaps people at ATL/DLT know what they are doing, and have thought this out, but they are biting off a lot already in the next 9 months with the SDLT transition. And if LK is correct about them wanting to get into the RAID business, well, that's a pretty ambitious schedule for the next year. Peter van Cuylenberg[sp?] can't be looking forward to too much sleep. I have noted, though, that that he has exercised stock options over the past 7 or 8 months without selling any stock, even though he could have done so quite profitably. Hopefully the company isn't lending him the money for the exercise.
Best,
Sam |
