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

To: Stitch who wrote (3384)	5/24/1998 2:42:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 9256

from a recent techweb article (some good most bad): Mass-storage sales were down significantly, reflecting the poor market for personal computers. Sales for the first three months were down 22%, and ASPs fell 31%. Consumption for the same period was down 24% as inventories dropped to their lowest level in three years. Manufacturers of mass-storage devices rushed to market with large-capacity drives, betting on increased use of PCs for video storage. This never happened. Instead, there is a growing tendency to acquire bare-bones systems that contain smaller hard drives. Hard-drive prices have come down significantly, but demand has not increased. Recent interviews with major OEM producers indicate that the sluggish demand will continue for the foreseeable future --- shane.