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Technology Stocks : komag -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (697)	7/11/1998 11:21:00 PM
From: Tom Simpson	Read Replies (1) \| Respond to of 848

Eric, We aren't far away from a new set of numbers, although they may be less detailed than the ones which hit Edgar later. If I listen to folk that know the technology a whole lot better than I, we should see a lot of their "in-line" equipment get written off. If that is correct then the question is pre or post refinance. If post, I would think they would get sued by new holders. If pre, the stock tanks (maybe) and it might be tough to sell new shares at much of a price. Then we have these rules about where it has to be priced relative to book and to market. I just can't cope with this mess. Fundamentally the approach you seem to be headed in probably has a better shot, i.e. just taking the balance sheet for what it is worth, then add new capital, and figure out the per share book at the end. The open question left is how many new shares it took to get there. I sense that may just be solvable. There will be survivors, and those which do will make big bucks for holders. If I only knew for sure which of these it might be? :o)