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Technology Stocks : Hutchinson Technology, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (1388)12/1/1999 3:50:00 PM
From: Tom Simpson  Read Replies (1) | Respond to of 1487
 
Hi Sam,
Don't feel bad. I've still got a hundred shares I paid $35 dollars for. Fortunately I've a lot more I picked up under $20.

I'm not so sure about it popping so soon. Yamaha is a significant customer and they will apparently dry up this winter. Also it bothers the hell out of me to see sales to IBM bouncing around so dramatically this year. They have been a TSA mainstay and there is something screwy in those numbers. What I'm counting on is HTCH maintaining their 70% market share and pushing the TSA/conventional mix up towards 70-80% by this time next year. I don't think they can do that without Seagate so I hope Z knows what he is talking about. Stitch might have some good insight on that question but may not be in a position to share it. In any case under 20$ this is about as close a value stock as you get in the tech world.

Best Regards....Tom