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


To: Mark Oliver who wrote (7174)10/4/1999 11:57:00 AM
From: Sam  Respond to of 9256
 
Mark,
Did you see Jim Porter's comment on this latest record? From NYT:
<<Morever, the disk drive industry is in a period of intense competition based on the rapidly increasing storage density advances.

Each new advance permits the drive makers to reduce the number of moving parts in their disk drives, thus driving down costs at a remarkable rate. As companies battle for market share each year, that has led to large financial losses for many.

"We have this intense competition," Mr. Porter said. "It's lots of fun, except for the investors.">>

Well, perhaps you could say that DD investors are wonderful philanthropists, altruistically losing money in order to help better the world. Works for me.<g>
s.