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

To: Stitch who wrote (3778)	6/23/1998 1:52:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 9256

Stitch, all: SEG is first and credits vertical integration... Seagate Unveils Industry's First Hard Disc Drive Designed For Sub-$1,000 OEM Desktop Computer Systems Monday June 22, 8:05 am Eastern Time Company Press Release SOURCE: Seagate Technology Designed for cost-focused PC systems and non-traditional applications like TV set-top boxes, the ST32111 features an 11-millisecond average seek and the ability to transfer data at a rate of up to 33.3 Mbytes/second via the Ultra ATA interface. These attributes enable the ST32111 to provide the capacity and performance for today's popular desktop applications like email, Internet navigation, multimedia and word processing. biz.yahoo.com GM

To: Stitch who wrote (3778)	6/23/1998 5:59:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 9256

Decided to sell RDRT today at 8.88 for a marginal gain (bought at 8.38). I also suspect this may be a dead cat bounce. The TA software I use tells me it may well test 10 but it's too risky for my blood at the moment, given the outlook for the DD industry going forward into 2001 and RDRT's relatively poor balance sheet. I bought ASYT yesterday at 12.63 down from 49 and this one has over $6 in cash and no debt. I like the odds a lot more than RDRT----which of course begs the question of why bother with depressed DD type stocks with terrible balance sheets when one can buy some good semiequips down over 70% from the recent high and now showing cash at 25-50% of the stock price with no debt.

To: Stitch who wrote (3778)	6/23/1998 7:53:00 PM
From: CPAMarty	Read Replies (1) \| Respond to of 9256

from yahoo; comments please No one but IBM has GMR head... By Virtual_Investor Jun 23 1998 2:40PM EDT GMR head is not really that big a deal. Yes, it reduces costs but its not a problem as yet since Big blue tries to maximize its profits since no one else has GMR. The problem is that there are too many manufacturers of DDs. As far as MR heads there are only two large MR head manufacturers excl. IBM. SEG and RDRT. SEG produced its billionth head in Feb. 1998. and is not really trying to bring in a GMR head. No hurry there, SEG is working on OAW drives which I think RDRT will have rights to manufacture due to its cross-licensing agreement with Quinta. The drives are almost ready for OEM testing as I know it, I think SEG is holding them back since it will not enable SEG to destroy its competitors completely, QNTM, WDC, IBM, Fujitsu, Maxtor and Samsung. Once the competitors are like WDC are gone or are very weak to compete SEG will introduce its OAW drives and charge huge premiums on those drives. Remember, these OAW drives will have very high densities and hence fewer drives will be required/sold. Its is very important for SEG to have fewer drive manufacturers in the market so that it can get a huge market share for its latest drives. RDRT will recover back to 12+ in a short time. HOLD on and things will be a lot better than they are now. BEST OF LUCK. ÿ

To: Stitch who wrote (3778)	6/23/1998 9:47:00 PM
From: Gottfried	Read Replies (4) \| Respond to of 9256

Stitch and all, RDRT puts - lots of them. From today's street.com In another tech play today, someone took a 4,500-contract LEAPS put position on the beleaguered Read-Rite (RDRT:Nasdaq). Volume on the company's 2000 January 7 1/2 puts reached 4,500, against only 100 contracts of open interest, at 2 1/16 ($206.25). It may be a fortuitous hedge play. The Milpitas, Calif.-based Read-Rite makes recording heads for disk drives, and its stock price has dwindled more than 70% from above 30 last fall as demand for its products has weakened. Read-Rite was at 8 7/8, up 5/16, this morning. A Chicago Board of Options Exchange Read-Rite trader said the LEAPS were sold to a customer as a hedge for a large long position in the company's stock. "There has been a lot of big LEAPS put buying by investors long the stock as a hedge against further downside," said the pit trader. The trader added he didn't know whether the customer was an institutional or retail player. This hedge play gives some protection to the unfortunate soul who's long Read-Rite stock if the stock dips below 5 7/16 within the next 18 months or if the stock falls enough to substantially increase the price of the option. thestreet.com GM