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To: Mark Oliver who wrote (2517)	6/11/1998 10:10:00 AM
From: Kurthend	Read Replies (1) \| Respond to of 3029

Haley probably was and is very gun shy due to the current conditions in the hdd industry. I too noticed the comment about no losses since 1972. When talking about cycles, he mentioned that the last up swing was longer that normal and the current down cycle is also longer than expected. It was also interesting that the new plant (LPC) would employ a maximum of 100 employees. Apparently this number is lower than the current units sold vs number of employees in their other plant. Gotta go. Kurt PS I was also hoping that Haley would announce something concerning their HIF.