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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Slife who wrote (37678)	11/28/1997 1:22:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Darrell, did you mean $37 on Monday? :)

To: Alan Slife who wrote (37678)	11/28/1997 1:49:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

Slife; samsung is an HMTT customer and they're divesting 30% of non-core businesses keeping the semi business in tact. they did not specify which businesses they were divesting. but even if they do divest the platter division, the demand is still there, someone will fill the demand and HMTT has the best yields to date on platter production. i suppose the other concern is jaz and if syquest/orb will eat into sales there since jaz is 25% of HMTT's business. someone on this thread may be better prepared to answer that question that this familiar with the syquest product. my own thoughts are that the syquest/orb products do not fill the entire base niche that jaz can fill. alan murdoch is more versed in the technicals behind these two devices compared to the jaz. the bottom line for hmtt for the upcoming quarter is most likely that neither samsung nor jaz sales will be impacted by decisions unfavorable to hmtt platters and hmtt's report will surpass the last report. i called samsung to discuss any impact that platter buys from hmtt may be impacted by the korean problem and they stated that no impact to platter buys from hmtt currently had occurred or was forcasted to be occurring. hmtt in addition to stmd both sell to samsung (since samsung is dollar weighted positive and the won short term bill is giving over 20% right now samsung isn't really hurting for cash as some may think - the devaluation of the won has been compensated by increasing in interest yield - stock prices are a joke because of the high leverage there, but samsung isn't all that highly leveraged comparitively speaking) hmtt can produce platters at a lower cost than even seagate. although seagate has not qualified hmtt platters, hmtt has made a presentation to seagate in this regard. hmtt also has the capability to produce clik platters if ever iom wants to involve them in this process (this comes from hmtt). so, if hmtt performs as well as they have, keeps their yields ahead of stmd, which they have, then it is woefully underpriced. my concern about buying it back at this point is quantum. if quantum comes out and blows their dirty nose over the disk drives (as did western), then hmtt will suffer price wise even though their business model will not be hurt. both wdc and qntm buy platters from hmtt. the number of platter sales have been increasing, not decreasing; with hmtt's price for the platters remaining constant. both wdc and qntm have reduced prices on their end along with seagate to compete with all the new players, but the platter prices have remained constant with platter needs increasing across the board - especially coming into the christmas season. hmtt is currently not hurting for business but their stock price is unjustly reflecting the mood of the disk drive market. i look for a run-up in price with either (a) the nearer we come to quarter reporting, (b) any positive word from quantum, or (c) up turn in the market in general. quantum was down today with hmtt up - so there is still some obvious concern than quantum will burp anytime soon just as did wdc. didn't want to spill all this about hmtt. but it's friday and i'm leaving early today. how about you?