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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop" -- Ignore unavailable to you. Want to Upgrade?

To: JEDOC who wrote (1566)	11/21/1997 9:17:00 PM
From: Naggrachi	Read Replies (1) \| Respond to of 1985

<<I know the entire industry is taking it on the chin now, but I (and others) have lost round about 90% of their value with this dog, and narry an apology or even meager attempt by management to assure its shareholders.>> Jedoc, I feel your pain. The only thing That I can tell you is this. So long as Tom Mitchell is runing the company, chances are very good that JTS will be in bankruptcy soon. Tom Mitchell and his management crew are the most incompetent personnell on this universe. Sometimes I wonder how he got so lucky and landed a job in senior managment. Is it any wonder why he's an ex-Segate founder! From the beginning management botched the entire operation. Starting with too optemestic of a senerio (sp?) and ending with their prodcut line. If I recall correctly, JTS's nitche was supposed to be the 3-inch form factor, now with their Champion product line, all their doing is making disk drives that everyone else makes. And they are not the cheapest that everyone claims, either. The only thing that they can do consistently is double the number of shares every six months and increase the number of employees in their press release's. It's all in managment I tell you. Look at Kim Edwards and his performance. He transformed Iomega from literally nothing to close to a $2 billion company. Unless shareholders yank the current managment out don't expect anything more than bankruptcy proceedings. Do you get the feeling that shareholders are nothing more than obstacles in their way? As far as earnings are concerned, GET REAL!! Chances are, it'll be one month after the date that they have announced, remember last quarter. Zead

To: JEDOC who wrote (1566)	11/22/1997 10:04:00 AM
From: tbevan	Respond to of 1985

>>If this is Amber's doing (and I am _very_ suspicious of them), why would they be pushing prices down? Being a large "friendly" shareholder, wouldn't profit, ie. that the stock price go UP, be their "hope" (as it is, albeit fleetingly, mine)?<< I'd really like to know the answer to this question. But what I suspect is that they're not selling to make money (isn't their cost basis over 60 cents a share?), but that something else that I don't understand is going on, like maybe they need to unload a certain number of shares for some technical or legal reason. I just don't get it. Is their cost basis actually lower than 60 cents?

To: JEDOC who wrote (1566)	11/23/1997 3:11:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 1985

Hey all...recently been interested in hard drive companies and was thinking about JTS as a play somewhere in here. Regarding JEDOC,'s comment as to why Amber might be pushing down the stock.....an old and currently illegal but still engaged practice of bear raiding a company...pushing its stock down via short sales and long sales, and then just when it is so grim that noone wants it and wants to throw away their paper certificates of ownership, the bear raider covers the short and grabs major positions in the company. In now way am I suggesting this is what is happening, I am simply saying that this sort of things used to happen all the time and probably is still prevalent. I had a few questions regarding JTS that I was hoping someone technically and financially oriented persons who have been following the stock more closely, could answer: 1. In the last earnings report, the company said they saw big drops in inventory channels following the writeoffs...to me, this is positive, any qualifications on this statement since then? 2. The company said they expected to see dramatic increase in OEM business? anything there? 3. Ingram Micro, good company, doesnt sleep with just anyone, how is that going? 4. A few weeks ago there was a release of 2 new drives with twice the speed at an affordable price....anyone know anything about this and the validity of the claims? Well,, clearly this is no blue chip, maybe a cow chip, but we do have a company here trading at a steep discount to revenues. Now if they could just learn to make money. Regards. steve