Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gottfried who wrote (7187)	1/31/1998 6:40:00 PM
From: Stitch	Read Replies (2) \| Respond to of 9124

My Dear GM, <<there was no way of predicting Friday's surge>> Sigh Yes, I know. My lament is about not following through on a strategy that I even published here on one of the threads as early as pre Christmas. And frankly, I shall forget all this, as I watch the inevitable return of the storage sector. I will share a thought with you. I am a former hunting enthusiast. I can honestly say that I do not recall ever having a shot that did not obtain the results intended, even as a young boy tramping around the hills of Eastern Oklahoma. My last trip was Wyoming where I had been fortunate to draw two tags , one for Mule Deer and one for Antelope. I was quite succesful, tagging two for two shots. Both shots were over 300 yards. In fact, the antelope, (famous for running several hundred yards even on a heart shot) was at 340 yards up slope in very rugged country. I dropped the buck with a single head shot. In investing I come no where close to this proficiency. I prefer to get 10 feet away, and use a shotgun or hand grenade. The results may be messy and I get fewer shots, but it works. I liken the current situation with the DD sector as just such an opportunity. I am really confident in this investment.(apologies to the anti-hunting crowd)

To: Gottfried who wrote (7187)	1/31/1998 8:10:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 9124

DJ Newswire - Disk Drive Cos. Rise Despite Western Digital Outlook January 30, 1998 3:38 PM NEW YORK (Dow Jones)--Despite a tepid outlook from Western Digital Corp. (WDC), disk-drive stocks moved up solidly Friday. Western Digital, which Thursday reported operating earnings of 3 cents a share, compared with an expected loss of a penny a share, rose 1 3/16, or 7.2%, to 18 1/2. Volume of 5.3 million shares was more than double the daily average of 2.6 million. But analysts lowered their earnings estimates on the stock, with many commenting that Western Digital appears to be losing market share to Hyundai Electronics Industries Co.'s Maxtor Corp. The embattled disk-drive stocks charged up anyway, aided by an analyst's upgrade of Seagate Technology Inc. (SEG). BancAmerica Robertson Stephens & Co. analyst Patrick Tenney said he is recommending the stock as a buy to bargain hunters. He said Seagate has a lot of "unrecognized value" from its software business, and the $200 million restructuring plan underway at the company can only improve its operations. But he insisted he wasn't predicting the disk-drive industry was on the verge of correcting its long-running oversupply problem. "I'm not making a hard-drive industry call - I don't know if the industry has hit a bottom or not," Tenney said. Seagate, the leading drive company, rose 2 3/8, or 11.5%, to 23 on volume of 5.5 million shares, compared with a daily average of 3 million. Quantum Corp. (QNTM) gained 2 13/16, or 13.2% to 24 1/16, with 8.5 million shares changing hands, Daily average volume is 5.2 million. Disk-drive equipment maker Komag Inc. (KMAG) rose 15/16, or 7.5%, to 13 1/2 on volume of 592,600 shares, compared with a daily average of 846,700. -By Christopher Grimes; 201-938-5253 smartmoney.com