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Technology Stocks : Maxtor (MXTR)
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To: HoodBuilder who wrote (279)5/24/1999 5:54:00 PM
From: BRAVEHEART  Read Replies (2) of 467
 
Hi Michael,

I am a biotech investor. Hence for me to travel outside my area of interest a stock has to be fairly attractive. Once the issue of Hyundai and his 24 million shares are delt with there will only be upside to this stock.

Is it possible a major interest could desire to acquire a portion or all of MAXTOR. Certainly. Do I believe anyone would get away with buying out the company for $6 per share. No way. Do I see much fundamental or technical downside based on what the market knows or projects. Certainly not. Thus what remains is unknown market risks.

I cannot think of any which would jepordize my investment here for the next six months. New products are rolling out. Things should only get better over a six month period outside of maybe a few brief potential down tics. I wish I could answer your question based on this sectors expectations. However it stands to reason that upside potential far outweighs the downside risks at this time.

BEST WISHES
Jeffrey
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