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

To: Mark Oliver who wrote (6846)	7/23/1999 12:05:00 PM
From: Robert Douglas	Read Replies (2) \| Respond to of 9256

June quarter post mortem: Western Digital: Lost $81 million on sales of $709 million. Cash at start of Q: $297 million. Working capital $152 million. Long-term debt: $538 million. Prognosis: Needs miracle. Maxtor: Lost $53 million on sales of $525 million. Cash at start of Q: $186 million. Working capital $260 million. Long-term debt: $85 million. Prognosis: Bleeding to death slower than WDC. Quantum: Lost $43 million on sales of $752 million. Cash at start of Q: $772 million. Working capital $1,246 million. Long-term debt: $344 million. Prognosis: Would bleed to death if not for DSL bloodbank. Seagate: Made $69 million on sales of $1,640 million. Cash at start of Q: $354 million. Working capital $1,738 million. Long-term debt: $703 million. Marketable securities: $4 ½ billion. Prognosis: Flesh wound, bleeding from desktop. At the present rate of blood-letting, this looks like it could continue for some time. Apparently, however, conditions worsened in June and, one can assume, still continue. We don't know yet at what rate the losses are presently running but hopefully they are sufficient to bring a swift end to the war and permanent changes in this ridiculous industry.