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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (1829)	12/6/1997 4:06:00 PM
From: Daveyk	Respond to of 3029

Interesting article from a Yahoo post: messages.yahoo.com@m2.yahoo.com Regards,Dave

To: Mark Oliver who wrote (1829)	12/7/1997 1:15:00 PM
From: Kurthend	Respond to of 3029

Mark, I found this on one of the Yahoo forum sites. It seems fairly interesting in terms of the dd industry. Take care: messages.yahoo.com. Subj: Storage Survey By: wickend Date: Dec 6 1997 9:55 A.M PST Reply To: Msg. 95 by stakeholder97 Midsized Companies Lead Storage-Spending Survey (12/05/97; 4:00 p.m. EST) By Al Senia, Computer Reseller News An insatiable demand for hard drive capacity, especially among midsized businesses, will propel strong growth in demand for mass-storage products next year, according to an exclusive CRN survey. The study of MIS buying patterns, conducted for CRN by The Gallup Organization, found that large corporations intend to boost storage product spending by 2.5 percent in 1998 to an average of $909,000 per company. Midsized companies, however, expect much stronger growth. These companies expect to spend an average of $120,000 on storage products next year, a staggering increase of 40 percent from the $86,000 average projected for 1997. The survey found 85 percent of midsized users depend on the reseller channel as their primary source for these storage products, such as hard drives, RAID, and tape backup. Small companies, which doubled their storage expenditures from $7,000 per company in 1996 to $14,000 in 1997, said they project a spending drop-off to $11,000 per company in 1998, according to the study. The survey, which will be published Monday in CRN and on CRN Online, is part of a special Inside Spending report on the storage and board market and spending trends by businesses of all sizes. Couple this with ReadRite's contract with Iomega (one of Inovex's largest customers), the recent announcement of the Seagate contract, and I have more faith in the 20% growth projection. I hope to pick up more on Monday at 22.

To: Mark Oliver who wrote (1829)	12/8/1997 8:12:00 PM
From: Kurthend	Read Replies (1) \| Respond to of 3029

Mark, I e-mailed Doug K this afternoon concerning some questions regarding this qtr, next qtr (ie do they now have any idead as to the cost related to the new LPF facility) and some other "basic" questions. I will let you know if Doug K. responds. I came across the below article on APM. The story seems to confirm other reports that I have seen/read that early next calendar year the invertory glut should be about over. I am definitely interested in how/why INVX is able to still grow 20-25% this qtr over a year ago when the rest of the dd industry seems to be having problems. The only thing I believe it could be is the still on-going transition to MR. I will stop rambling, cross my fingers for INVX, and let you know if Doug K. responds. biz.yahoo.com Monday December 8, 4:29 pm Eastern Time Company Press Release Applied Magnetics Corp. Announces Significant Changes to Order Backlog GOLETA, Calif.--(BUSINESS WIRE)--Dec. 8, 1997--Applied Magnetics Corp. (NYSE:APM - news) Monday announced that it has been notified by its largest customer of significant changes affecting its order backlog. The customer's changes come primarily as a reaction to the current hard disk drive oversupply in the industry's distribution channel and increasing competitive pricing pressures. As a result, the company anticipates that revenue will be down more than 30% in the current quarter (FQ 1/98) from the previous quarter (FQ 4/97). However, it is anticipated that revenue will rebound in FQ 2/98 up to 20% as compared with FQ 1/98 as drive inventories are brought into line. Unit pricing for recording heads for both the first and second fiscal quarters has decreased more than normal, reflecting the downturn in demand. As a result of these actions, the company plans to take a one-time pre-tax restructuring charge of approximately $8 million in FQ 1/98 primarily in connection with a planned realignment of offshore operations. Separately, as a result of Singapore Technologies' announced intention to liquidate the assets of its subsidiary, Micropolis Corp., the company will revise its fourth quarter and fiscal 1997 results to reflect an additional charge for bad debt related to potentially uncollectible accounts receivable and obsolete inventory. This additional pre-tax charge will amount to approximately $4.2 million.