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

To: steve goldman who wrote (1608)	12/4/1997 3:56:00 PM
From: tbevan	Read Replies (1) \| Respond to of 1985

Here's what they're saying about JTS on the WDC thread: techstocks.com

To: steve goldman who wrote (1608)	12/4/1997 5:06:00 PM
From: dan grone	Respond to of 1985

Steve, The 3-inch drive was the JTS story, the story has changed. JTS is now an undercapitalized 3.5 inch desktop manufacturer with a single plant in India and bad management that is insensitive to shareholders (try calling Tom Mitchell or having Investor Relations give you any straight answers). Amber will own a majority of the common after the next round of share increases and JTS will become a pseudo-public company(Victor Posner was the master of this until the courts interceded). JTS may have a future but I think the current common shareholders aren't part of that future. For this quarter expect flat revenues vs. last quarter (28.4 MM) and a smaller loss, of course last quarter had a large inventory write-down. Back when Tom Mitchell took shareholder calls I asked him what he thought the future would be for JTS, he told me he hoped the 3-inch drive would replace the 2.5 inch and that JTS would produce revenue in excess of $1 Billion annually. Toms dream has disappeared, apparently along with his ability to talk to shareholders. Dan