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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (2910)	3/24/1998 12:36:00 PM
From: T Bowl	Read Replies (2) \| Respond to of 9256

Enjoy the ride folks, but my guess is it might be a short one. Check out some comments from a Pat Tenney report today: "The disk drive business continues to be plagued by over-supply and chronic aggressive pricing. We believe this trend will continue throughout the first half of 1998. TrendFocus estimates that disk drive manufacturing capacity remains 35% to 50% too high relative to demand and we estimate that HDD build plans for the year are still 165-170 million (vs. our projections of 144 million ) .Quantum's HDD units are expected to be down 10% sequentially in the March quarter, but perhaps more alarming is the price erosion that has taken place." All this and we're seeing APM up 10% today!! Hmmm. Buy on fundamentals today. Be careful of the rest. Reread Stitch's comments on say APM/RDRT from Last night: exchange2000.com I think the same basic arguments can be made about all of the weaker players... todd