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

To: Mark Oliver who wrote (2460)	5/5/1998 1:50:00 PM
From: mfamily	Read Replies (1) \| Respond to of 3029

this is in WSJ today; does anyone have an idea as to whether this is good, bad or indifferent to innovex? is ibm supplying wires for giant heads or is innovex or is it different technology altogether? Western Digital to Buy Components From IBM International Business Machines Corp., Armonk, N.Y., signed a letter of intent to supply computer hard-disk drive components to Western Digital Corp., adding to a growing portfolio of competitors buying the IBM technology. Terms of the proposed agreement, expected to be finalized within 90 days, weren't disclosed. Western Digital plans to use IBM components, including giant magnetoresistive heads, in hard-disk drives that will be unveiled in 1999. The pact also includes a technology-licensing arrangement under which IBM will share its disk-drive technology with Western Digital, Irvine, Calif. IBM's technology allows the disk head, which "writes" information to the magnetic disk and "reads" it back, to use the "giant magnetoresistive effect," a discovery in magnetism made 10 years ago.