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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (5055)	11/17/1997 1:58:00 PM
From: RealMuLan	Respond to of 9124

Anybody read this week's Barron's article on DD makers? DISK DRIVE MAKERS. While the Nasdaq and the tech sector enjoy a very positive day today, the disk-drive markers continue to struggle, even though a couple of these issues received a semi-positive review in this week's Barron's. To be sure, this sector has been hit hard during the past month, ever since the drive makers started to release or warn about its latest earnings results due to increasing pricing pressures that have eroded margins for the entire sector, stock prices for these issues have taken a major nose dive. In the latest Barron's issue, while it recognizes the ills that these issues are currently facing, it also noted that some fund managers have started to do some bottom fishing among this group. These fund managers recognize that value lies in some of these issues which produce products in Asia because their costs are also falling in keeping with the declining local currencies, but are also experiencing good business demand from Europe, where the economies are more robust. While many of these issues have gone through a major price decompression during the past month, troubles still lies ahead and investors confidence is not likely to return any time soon. Nonetheless, among the issues cited in the article that could see their fortunes turn sooner rather than later are Seagate Technology (SEG 25 3/4 +1/4) and Western Digital (WDC 23 3/4 +3/8).