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


To: Mark Oliver who wrote (6110)4/22/1999 6:39:00 PM
From: CPAMarty  Read Replies (3) | Respond to of 9256
 
Although we expect to remain profitable, the
greater-than-anticipated price declines we are now seeing will put
significant downward pressure on our earnings in the second quarter
relative to what we just achieved.


WDC said basically the same (pricing will hurt the June qtr) during their conference call last night. However, i am a little puzzled as to why someone in the MXTR PR department felt the need to put the above quote into their PR on last quarter's results.