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

To: Sam who wrote (1536)	11/12/1997 1:38:00 PM
From: Xianming Liu	Read Replies (1) \| Respond to of 9256

Sam, Unlike US companies, Japanese & Korean companies face little pressure from their shareholders. Fujitsu has certainly taken advantage of strong dollar and weak yen to gain the market shares. Since Korean won has declined significantly agaist dollar too, I guess Maxtor and Samsung can also join the price cutting parties. When I see a 3.2 GB (11 ms & 512 K buffer) E-IDE drive is being sold for $174 a piece at Fry's Electronics in Los Angles, it tells me that worse time for disk drive stocks are ahead of us. The positive side is that Micropolis is being liquidated (i.e. one competitor is disappearing). If the down turn for the disk drive lasts for next few quarters, we may see JTS and STMD to drop out of the drive business.

To: Sam who wrote (1536)	11/12/1997 6:47:00 PM
From: SeaViewer	Respond to of 9256

> I still can't believe that these Korean and Japanese companies can look at the DRAM example in front of them--which they even participate in--and will allow the DD industry to drop to the same profitless, glutted level. < They are trying to follow their VCR, TV, etc. successful examples to kill their opponents and monopolize the world.

To: Sam who wrote (1536)	11/14/1997 2:05:00 AM
From: Frodo Baxter	Read Replies (2) \| Respond to of 9256

Anybody still care about fundamentals? SEG's 10Q is out. Nothing particularly interesting, except... - Book value's about $13/share. More than half is property. - Bought a million shares last quarter for $34 each. - As of 10/3, lost $163 million on their currency futures, of which $62 million has already been written off. I re-jiggered the numbers, marking-to-market with current exchange rates. My calculations come up with a loss of $237 million. Is it realistic to believe that SEG will have offsetting cost savings? For edge-of-envelope calculation purposes, this is more than two grand per Seagate employee. The per capita GNP in Thailand is about two grand.