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

To: Dana Breite who wrote (2342)	3/25/1998 12:13:00 PM
From: Mark Oliver	Read Replies (3) \| Respond to of 3029

<WHO is lowering estimates? So far there is no reliable source (no offense, Tokyo) for this information.> Hate to sound rude, but who cares? It's a done deal that this is a lousy quarter. How lousy is yet to be learned, but it's unlikly that earnings won't be some what worse than estimated. The question is what do we see going forward. How long will it take to get through the inventory correction. Look at Quantum. They've warned that it's a bad quarter. Going from estimates of .26 to 0. That's terrible. What did your estimates mean then? Basically, it meant they didn't have a clue what would happen. The same must be true for Innovex. What would make INVX a good buy? - Signs that PC makers are buying again. - Something demands more platters per drive to reverse the trend. (I believe this will be lead by higher bandwidth bringing more graphics and video to the web, speech recognition and perhaps the next MS upgrade of Windows and especially NT.) - HIF endorsed by another drive maker. - Adoption of flex circuits used to bring a new component onto the suspension. - An announcement, or some market interest around flip chips. - General move in storage sector. We saw that yesterday, and an attempt today, but will it hold, or will people see a chance to get out? I look at all my drive stocks as near bottoms, but dead money. Like Doug Fant says, try to sell options to make something out of a slow sector. But, mos people just sell and moves to better opportunities. Just my thoughts. My point is estimates haven't made much difference to INVX in the time I've followed them. I have wondered if they've seem sales fall as Hutch reported, why they don't warn? Maybe they are holding up? Regards, Mark

To: Dana Breite who wrote (2342)	3/25/1998 1:17:00 PM
From: David Wiz	Read Replies (1) \| Respond to of 3029

Dana, from the Motley Fool: "Next up: Today I spoke with Mr. Douglas Keller, the CFO of Innovex (Nasdaq: INVX), whose stock rose with industry stocks even after Quantum (Nasdaq: QNTM) preannounced a weaker-than-expected quarter. Innovex has guided analysts down for its recent quarter, too. The company now expects earnings of about $0.27 per share compared to the previous estimate of $0.41 per share. Due to its high margins and lower capital expenses, Innovex is able to remain profitable during slowdowns, but there is nothing that it can do about weak orders."