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Technology Stocks : DSS: DLT finally open for trading -- Ignore unavailable to you. Want to Upgrade?

To: HowardRoarke who wrote (295)	8/24/2000 7:28:12 PM
From: Sam	Read Replies (1) \| Respond to of 488

Howard, Well, we have heard some concrete things about the "family" of SDLT products. If they get released by the end of Sept, that is time enough. There won't be a mad rush to buy a brand new back up tape drive, especially one that seems to me to be pretty expensive. Oddly enough, even STK has been going up in the past couple of weeks, though not dramatically. And ADIC got blasted the morning after announcing disappointing earnings last week, down to 11 1/2 or so, but has already bounced back to around 14, where they were before the announcement. I think that the transition to this new set of drives has been hurting everyone, freezing customers until they get a look at the new systems. Well, perhaps "freezing" is the wrong word, ATL has still managed to show very nice growth of 30-40 percent over the past year. Another encouraging sign for DSS, along with Snap sales. The stock price is probably in part a function of DSS's buyback. But that too is good, both in terms reducing the float and enhancing future earnings, and in terms of a vote of confidence. I don't believe that DSS's management is stupid enough to buy back stock at 12-14 if they don't believe that SDLT is stable ready to go out on time. That surely is what the stock price is signaling. If you recall the interview, Mr. EMC, as you call him, couldn't come up with even a possibility of what is going to replace tape for backup, especially archival storage, an absolute necessity for most businesses. So, it is perhaps a little like democracy, the worst political system ever devised except for all the others that we have so far conceived of. Best wishes, Sam