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

To: Brad Rogers who wrote (2269)	3/4/1998 5:36:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 3029

"We're near bottom for sure." With the following statement from Hutchinson, don't you see more negative than positive? Still, maybe you're right..... Wayne M. Fortun, Hutchinson Technology's president and chief executive officer, said that shipments of the company's suspension assemblies have remained below prior quarter levels as a result of continued weak demand. He attributed the weak demand for its conventional suspension assemblies to inventory reduction efforts among the major disk drive manufacturers. For the first eight weeks of the second quarter of 1998, the company shipped a total of 64 million suspensions compared to a total of 135 million for the entire fiscal 1998 first quarter. I would think if there is no explanation of Hutch loosing traditional market share, this would be a very good indicator that INVX's sales are probably also going to be dramatically lower. So, unless the last month of the quarter is a damn good one, you'll see an earnings short fall. In fact, we may see a warning coming from Innovex. Regards, Mark