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To: shane forbes who wrote (3042)4/26/1998 2:10:00 AM
From: Pierre-X  Read Replies (1) | Respond to of 9256
 
Re: Maxtor, the prodigal child

You said:
Maxtor is now making a profit and that the Hyundai parent may want to retain the operation.

For the cash strapped Hyundai, profitability is less critical than positive cash flow. Does Maxie have it?

PX



To: shane forbes who wrote (3042)4/27/1998 12:42:00 PM
From: Alan Hume  Read Replies (1) | Respond to of 9256
 
Hi Shane,

"He said that Maxtor is now making a profit and
that the Hyundai parent may want to retain the operation. "

From former experience, when a conglomorate (like Hyundai) is strapped for cash they ARE FAR MORE LIKELY to sell off PROFITABLE divisions, for the simple reason they tend to be easier to quicker to sell.
This possibility is far stronger when the division concerned IS NON CORE BUSINESS.

Regards
Alan


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