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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?


To: Frodo Baxter who wrote (7123)1/21/1998 11:17:00 AM
From: Gottfried  Read Replies (1) | Respond to of 9124
 



To: Frodo Baxter who wrote (7123)1/21/1998 12:53:00 PM
From: Sam  Respond to of 9124
 
"Another keeper is when they said the OEM's told them don't bother trying to qual the 1.6s; they missed the boat."
Actually, I thought that they said that the news could be worse, at least no one had told them not to try to qualify. But I could easily have misheard, I found it an amazing CC. Haven't heard one quite like it, I must say. Maybe that is why the stock is up, no one else has heard that kind of candor before either, so they must figure either this puppy will get healed, or its bye bye.

When you are into someone for over $700 million, it helps. Remember what Fred Smith about bankers. Fed Ex was on very shakey ground in its early life, and borrowed hundreds of millions of dollars. Smith, when recalling those days to Bill Moyers a few years ago, said that he learned an important lesson--if you borrow just a little money from a bank and can't pay it back, you have an angry creditor, if you borrow a LOT of money and can't pay it back, you have a worried partner. There are probably a lot of partners out there for SEG.