To: Knighty Tin who wrote (26909 ) 3/23/1998 6:34:00 PM From: Knighty Tin Read Replies (2) | Respond to of 132070
To All, Quantum hit the wall today. Its continued troubles add a minor smile to my already wrinkled puss. I no longer have any puts on the stock, having made so much I figured the dum-dums would hold it near $20. And, I have nothing against the co. the way I have a grudge against MU and APCC and scores of others. So, why the smile? Because, when the stock was nearing the fifties last year, I received a number of nasty notes about how the fact that I'd been right on Read Wrong, Hutchison, Seagate, and/or Western Digaditch didn't matter. I was still an idiot who knew nothing about the disk drive market, because Quantum was rising. -g- Sort of like the notes I receive now telling me I know nothing about pcs because Dell, out of scores of cos. in the bunkers for the duration, is still doing well. The stone throwers were wrong. I know NEXT to nothing about the disk drive market. -g- What I do know lots about are the disk drive stocks, and I know that once a price war hit and pc sales faded, they would all croak. Quantum croaked long ago, but it was fun to see the 25 cent estimates of yahoos pollyannas who don't deserve to be called analysts, crushed by news of "breakeven or slightly above breakeven" results. Whoops. Again. The lesson, other than that Burke likes to toot his horn when he is right (thank goodness it doesn't happen that often or we'd never get any sleep for all the honking), is that commodity techs behave like commodities. No matter how many new pairs of dimes you have or how nasty you scream insults on the net, the animal is going to behave like the animal it is. And disk drive cos. are commodity cos., no matter how much one or another touts a "breakthrough technology." Good luck, MB