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

To: Tom Simpson who wrote (3547)	6/8/1998 3:34:00 PM
From: Mark Oliver	Respond to of 9256

<What do you think about that offering Mark? They have less than 100 million in PPE so it looks like they would be the least vertical and purest drive manufacturer of the majors. They have more than twice that just in receivables. > I'm better at voicing cynicism than good analysis at the moment. I don't have much energy or interest to go deeply into Maxtor. I'm trying to extract myself out of a problem with Centocor, and keep from missing some super gains on Bay Network options. Bay is going so well, I hate to look away. I was cautious and sold some of my stake last week for a good profit, but it will pale in comparison if the takeover materializes. Still sitting on Sept calls which are doing very well. For me, I wouldn't like to get into Maxtor. I don't trust them and even if I did, the sector is too shakey. I hope it boosts my holding in QNTM with a little hype though. Regards, Mark

To: Tom Simpson who wrote (3547)	6/9/1998 9:35:00 AM
From: Mark Oliver	Read Replies (2) \| Respond to of 9256

09:06 ET Seagate Technology (SEG) 21 5/8: Salomon Smith Barney upgrading disk drive maker from "neutral" to "buy." Says believes turnaround is finally coming. Would expect news to lend a boost to remainder of this downtrodden group, e.g. Quantum (QNTM) and Western Digitial (WDC). All of these stocks trading at least 50% below 52-week highs. Upgrade could also influence shares of disk drive components makers, e.g. RDRT, KMAG, HTCH, APM. Perhaps the first in a series of efforts to reestablish the sector to make the Maxtor IPO look better? Cynically Yours, Mark