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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Brander who wrote (901)	6/5/1998 5:20:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

I disagree. That balance sheet will erode quickly if earnings momentum doesn't pick up, and quite frankly I don't see how these companies are going to deliver that in the next year or two. I believe that an investment in SEG, WDC, QNTM, IOM will be - at best - dead money in the intermediate term. In the long term, I would look for price stabilization, exciting new technologies and niche markets before considering putting money back in. Selling cheaper and cheaper mass storage in a market already flooded with cheap mass storage is not the best business to be in right now. The down side of this cycle - IMO - still has a way to go down.