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

To: Sam who wrote (5633)	2/17/1999 9:19:00 PM
From: Hungry Investor	Respond to of 9256

Sam, I am still bullish on SEG and QNTM to a certain degree. Stitch and I have been beating up the "it's all good-ers" on the WDC thread for some time which I believe is warranted. Events have unfolded over the last couple days that are giving some pause to our thinking...makes us wiser investors. QNTM-DELL connection didn't help and this NASDAQ drop and the deal between WDC and KMAG is only going to drag KMAG down WDC's hole, IMO. Scott.

To: Sam who wrote (5633)	2/17/1999 9:37:00 PM
From: Mark Oliver	Respond to of 9256

Well, basically I think the market was surprised by better than expected sales last quarter and that bid the stocks up. Now, there's essentially no news and the market is profit taking. It's not specific to storage. Also, there was a pretty strong focus on storage stocks at this last technology forum and they didn't seem to have much to offer in the way of good news or at least the stocks didn't react like it. Hutch should be congradulated in getting off their stock with good timing. I suppose the hype that goes into assuring this will mean they've spent all their PR bullets for some time. I think we'll find most of the sell off was not actually related to anything, but just a general correction. I think there is fear in the market. I would think it's coming a little ahead of schedule, but it's there all the same. Some people think a little fear is good, but I fear people will start pulling the plug to get out before 2000 and when that starts we'll all wish we had cash. Was interesting to see all the open market discussion after a simple question of whether companies like RDRT can ever expect to sell to Fujitsu, or whether Fujitsu is bound by whatever code to keep all their purchases Japanese. Do I gather you all agree that they have no open market policy? Regards, Mark