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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: LRS who wrote (8381)11/10/1997 1:41:00 PM
From: appro  Read Replies (2) | Respond to of 13456
 
WDC announced last week they are writing off TFI completely (taking 15-30 million write-off). I do not know if anyone still buying TFI especially, since Fujitsu is killing low end with dumping of drives at cost.



To: LRS who wrote (8381)11/10/1997 2:25:00 PM
From: Epics  Read Replies (3) | Respond to of 13456
 
not to be obnoxious, but wake up. WDC is taking a charge to PHASE out
TFI heads. So they might sell a few heads this quarters, but Wall street likes future earnings, not the past. APM will turn it around but it could see 12-14 first. At that I would hop in. As they were mergers in banks, disk drive makers will be next so profits will be restored. But its probaly 6-9 months down the road.


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