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

To: LK2 who wrote (8813)	10/4/2000 5:17:31 PM
From: LK2	Respond to of 9256

DELL warns after market close. DELL says sales for Q3 will be about 3% less than previous estimate. Also says Q4 sales could be weaker than previous estimate. biz.yahoo.com Regards, Larry PS--Michael Dell was on CNBC last week, and he said how strong the current quarter was. When the CNBC reporter asked him about the euro, Dell said that DELL was less exposed to Europe than some of its competitors, and that Europe was a growth opportunity. Today, at least according the article above, Dell is saying the weak euro and weak demand in Europe are the causes of the lowered estimates. Funny how things can change in a week.

To: LK2 who wrote (8813)	10/4/2000 5:38:18 PM
From: Sam	Read Replies (1) \| Respond to of 9256

Larry, <<It would be a better deal to pay 0.5 MXTR share for each HDD share.>> Well, let's see. HDD has about 80m shares and about $600m. So you are proposing--presuming that Maxtor has a $9 share price--that it would be a fair deal to HDD for Maxtor to pay about $360m to HDD shareholders in return for $600m in cash and HDD's revenue stream, business contacts, engineering talent, high end business, and MKE relationship? Come on, I know that this is the disk drive business, but isn't that just a little ridiculous? As it is (presuming again a $9 Maxtor price), they ar paying less than $600m for the whole kit and kaboodle minus the cash. A PSR of less than .2. It's a good deal for Maxtor, Larry.