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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: La Traguhs who wrote (6793)	7/15/1999 10:57:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 9256

Do you find the RDRT forward statement at all significant? They say they've qualified to sell Seagate for their Baracuda and they had some other qualifications in the works? Did you listen to the conference call? Are they better positioned to sell GMR now? Will they ever be able to take their suppose lead in areal density and make money on it? Regards, Mark

To: La Traguhs who wrote (6793)	7/20/1999 12:47:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 9256

IBM CFO Sees No Signs Yet Of Y2K Slowdown dailynews.yahoo.com NEW YORK (Reuters) - IBM Chief Financial Officer Doug Maine Monday said the computer maker was making no change in the generally upbeat financial guidance for the rest of 1999, although he noted that IBM faced difficult year- to-year financial comparisons in the third quarter. In a conference call with analysts, Maine said the company, the world's largest computer maker, was seeing no new evidence of an impending slowdown in spending on new computers as customers rush to fix older equipment ahead of the Year 2000. ''We saw no significant evidence for the second quarter of changes in customer buying-patterns,'' Maine told analysts during the call, referring to concerns that sales growth could be hurt by purchasing delays tied to Year 2000 fears. Maine said evidence that Year 2000 equipment repair is having any effect on IBM's overall performance ''continues to be inconclusive,'' adding that, ''With each succeeding month, if there is an impact, it's going to be short-term in nature. His comments echoed other key U.S. technology suppliers, including computer chip maker Intel Corp. (Nasdaq:INTC - news) and computer services supplier Unisys Corp. (NYSE:UIS - news), who this month have said they see little evidence of a looming Year 2000 slowdown. Commenting on results for the company's recently ended second-quarter, Maine said: ''We are pleased with overall performance of our product portfolio.'' In the second-quarter, IBM posted operating earnings -- excluding the overall benefit of one-time gains and charges -- of 91 cents per share -- 3 cents per share above Wall Street's consensus earnings target. But he added a customary caution to Wall Street analysts: ''The results of the second quarter should not lead you to make any changes to your financial expectations for the remainder of the year. ''As always there are some issues that lie ahead,'' Maine told analysts, adding that the geographic and product portfolio breadth of the company made it difficult to project financial performance in the second half of 1999. He noted that the Armonk, N.Y.-based company faces difficult year-to-year comparisons in the current third quarter in its hardware business, but downplayed the impact by noting that IBM's key growth drivers lie in other businesses. He cited the company's computer services, software and technology component business segments as likely to propel results during the third quarter, continuing recent trends. 1998 third quarter results benefited from a recovery in IBM's personal computer business, which had been weighed down by an industry-wide glut of PCs in the first half of 1998. This growth spurt may dampen growth rates in the current quarter, analysts have calculated