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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET! -- Ignore unavailable to you. Want to Upgrade?

To: g forrest who wrote (2154)	3/4/1999 8:52:00 AM
From: Mr.Manners	Read Replies (1) \| Respond to of 2253

here's a thought: - Invidual Investor Online recommends HMTT as a short, as of today also TXI, and CBRL

To: g forrest who wrote (2154)	3/4/1999 2:22:00 PM
From: Stockwizard	Read Replies (1) \| Respond to of 2253

Picked this up off the Yahoo Thread. Generally, they are an ocean of idiots who know nothing. Be careful with HMTT. If you sift through the bs on the Yahoo thread, you may find a few interesting posts as such: HMT hotline: Guess who is one of the largest customers of our old friend HMT Technology (HMTT:Nasdaq). Right. Maxtor, whose other big customer -- Western Digital (WDC:NYSE) -- recently struck a deal to start buying more disks from HMT rival Komag (KMAG:Nasdaq). Komag sold $80 million in stock to Western Digital for 24 million guaranteed disk units a year, according to longtime HMT short-seller Marc Cohodes of Rocker Partners. HMT will do no more than 30 million units, none of which are guaranteed. By contrast, HMT makes about 30 million units per year, and its market value is about $300 million, plus the company has about $230 million in debt. But if you use the Komag deal as a guide, HMT's 30 million units would be worth about $100 million in sales. Cohodes is betting that HMT's assets, at its current level of business, will not cover the company's debt. In its most recent quarter, HMT reported a loss of 28 cents a share. That's why, Cohodes believes, "When all is said and done, the bondholders will own the company and the equity holders have something that's worth significantly less than the company is trading." HMT closed Wednesday at 6 15/16. HMT officials, in keeping with their ban on talking to this column, didn't return my call. Any professional money managers disagreeing with Cohodes are welcome to submit comments, but only if they're on the record with attribution.