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


To: KevinThompson who wrote (8423)2/5/1999 7:29:00 PM
From: Maverick  Respond to of 9124
 
Briefing.com believes the market is overreacting to DD
The words "price war" don't sit well with the disk-drive/storage group, as companies
just beginning to see conditions firm after more than year-long downturn... So when
Advanced Micro Devices warned that it would miss its quarter one number due to soft
pricing climate, it intensified recent anxieties that disk-drive industry could be facing
similar problems once again... Briefing.com believes the market is overreacting to the
threat as it pertains to disk-drive/storage group but as noted in the general commentary
above psychology often more important in determining short-term price movement than
reality... Seagate (SEG 35 1/8 -3 3/8), Quantum (QNTM 21 7/16 -1 3/4) and EMC
(EMC 98 11/16 - 4 9/16) among the group's bigger losers Thursday.