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To: Stitch who wrote (6782)12/16/1997 9:15:00 AM
From: Toko  Read Replies (2) | Respond to of 9124
 
Stitch,

Thanks for reply on Maxtor. I had heard a few weeks ago from a Maxtor employee that indeed Hyundai Construction Co. was working 24 hours per day on their factory in China with goal to occupy by the end of next June in order to get tax benefits promised by the government. He says it was originally going to be a Hyundai automobile factory but they decided HDD would be a better opportunity (now I hope they may change their mind again and turn it into something else like a refrigerator factory).

I have a hard time imagining who and how the cutbacks will occur in HDD expansion plans to bring some real stability to the industry, since so many of the remaining players have deep pockets and are hungry for long term growth opportunities (IBM, Fujitsu, Hyundai, Samsung, NEC, Hitachi, Toshiba, in addition to Quantum, Seagate, WD).
Does anyone have a scenario for movement toward long term HDD Industry stability that you are willing to post?

-TOKO



To: Stitch who wrote (6782)12/16/1997 10:15:00 AM
From: Z Analyzer  Respond to of 9124
 
<<I spoke to a fairly senior Maxtor manager in Singapore last night and the response was that there had been no change in plans. So that should mean the ground is broken and construction is under way. >>
I would think that the bricks and mortor are a relatively small part of the total investment required. Also, that they would be of use for other purposes if Maxtor chose to pull out. Obviously, you don't admit to the possibility until you pull the plug.


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