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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Dumar Grey who wrote (11610)	3/25/1998 7:32:00 PM
From: LK2	Read Replies (1) \| Respond to of 12298

*Off Topic*Dumar, what I was saying in my post is that people sometimes change the meaning when they report something. In your original post, it wasn't clear you were summarizing an article you had read. I haven't seen that particular article. I'm not saying your summary of the article was inaccurate or misleading. But I do think the writer of the article was probably adding to/changing the words that QNTM's CEO spoke. What I'm trying to say is, don't believe everything you hear or read. Errors may be deliberate or not. I doubt the article you read was trying to deliberately mis-represent anything. But the article appears to be a rehash of old ideas that are being used to explain what someone said, even if the speaker (Brown) didn't put it that way. Maybe the speaker (Brown) would say the article was a fair summary of Brown's ideas, or maybe Brown would say the article was misleading. I think the summary is slightly misleading, because I think the writer was using what other people had said many times before, and apparently making it seem that that's what Brown was saying. That might have been what Brown meant, but it's not what Brown said. Best wishes, Larry =================== =================== Message 3820489 To: Bosco (11559 ) From: Dumar Grey Tuesday, Mar 24 1998 2:54PM EST Reply # of 11611 I think that the move in APM today may be in response to statements made by the CEO of QNTM. Essentially that a bottom in the DD industry will be found soon, and that this will be fueled by consolidation. Message 3821659 To: Dumar Grey (11565 ) From: Larry Kuznets Tuesday, Mar 24 1998 4:07PM EST Reply # of 11611 When people report what was said on CNBC or whatever, sometimes the facts are interpreted slightly. I've seen at least a couple of posts that attribute today's rise in the disk drive sector stocks to remarks QNTM's CEO made on CNBC this morning. Most of us are grasping for some logical explanation for today's upward prices, especially because we were expecting the sector to get slammed because of the after-market-hours earnings warning by QNTM yesterday. But I saw Brown of QNTM being interviewed on CNBC this morning. The interview was brief, lasting a few minutes. And Brown did not say, as some people have quoted him, that >>a bottom in the DD industry will be found soon, and that this will be fueled by consolidation.<< What Brown said was, that there was much more consolidation in the industry (fewer players) now than even a few years ago, and this allowed QNTM to have better visibility of its markets. And Brown also said, some of these inventory correction downturns (my words) take 3 quarters to work themselves out, and the inventory problem has, so far, lasted a little over 1 quarter. Brown also said that DLT sales growth had slowed from 100% to 70%. ----------------------- I don't understand how QNTM is currently experiencing 70% DLT growth, because I thought there was an inventory problem with DLT, and the current DLT growth was way below 70%, but maybe Brown was using some basis for measuring growth that is not directly based on current sales. Regards, Larry Maybe TBowl or Lawrence Kam could point out any errors I've made in this post. Message 3837726 To: Larry Kuznets (11570 ) From: Dumar Grey Wednesday, Mar 25 1998 5:34PM EST Reply # of 11611 Mr. Kuznets, I don't know whether your post refers to me or not. However, the heading for the DJ article I was referring to reads "Industry consolidation will aid Quantum's rebound, CEO says." Additionally, the same article starts with the sentence "Consolidation in the computer and computer-storage industries will help Quantum Corp rebound from a disappointing quarter...". How would you interpret these statements?