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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: appro who wrote (268)	5/13/1999 11:44:00 AM
From: appro	Respond to of 467

Comments anyone? Uptrend seems really solid. This old news from April 23 which I missed but fits neatly with some of the "reckless" selling in MXTR until past week or two: news.com I was trying to decipher the following note about unexpected reductions in NOL (Net operating loss carryforwards) 'shared' with Hyundai from annual report (p.16) but above outside forces re fresh loans for Hyundai may have been more significant. >>Due to our net operating losses ("NOLs"), NOL carryforwards and favorable tax status in Singapore, we have not incurred any significant foreign, U.S. federal, state or local income taxes for any recent fiscal periods. There has been a significant reduction in the NOL carryforwards available to us for U.S. federal, state and local income tax purposes as a result of recent events. Therefore, our U.S. tax liability is expected to increase substantially in the future. Events resulting in reduction of our NOL carryforwards include: - use of our NOLs to offset our income resulting from our receipt of a $400 million dividend in June 1998 from our Singapore subsidiary, Maxtor Peripherals (S) Pte Ltd.; - use of our NOLs to offset income of Hyundai Electronics America and/or other Hyundai Electronics America affiliates with respect to consolidated or combined tax returns for periods from early 1996 to August 1998 (the "Affiliation Period") during which we were a member of a consolidated or combined tax group with Hyundai Electronics America (the "HEA Tax Group") for U.S. state and local income tax purposes; and - the July 1998 public offering of our common stock, which caused an "ownership change" for U.S. federal income tax purposes, resulting in a limitation on the amount of NOL carryforwards that may be used annually to offset our income with respect to our post-Affiliation Period income tax returns. The annual limitation is based on the value of all of our outstanding stock immediately before the ownership change multiplied by 5.15%. << freeedgar.com Search MXTR, then select 10K-405, Part II, Item 7, Management's discussion and analysis of financial condition. Sorry for not posting the most direct page link, but it is sooo long that it fouls up the formatting here and does not function as hot link anyway.

To: appro who wrote (268)	5/13/1999 3:02:00 PM
From: Dave Hanson	Read Replies (1) \| Respond to of 467

The link isn't connecting to HYTDL info this PM, unless I missed something. Could you elaborate? TIA.

To: appro who wrote (268)	5/13/1999 8:15:00 PM
From: john	Read Replies (1) \| Respond to of 467

Smith Barney makes a market in this and probably others do to. I use a SB broker periodically, which is where I got the information. Any broker can give you more information or you can buy them through e-trade, etc. The main thing is, you have to believe in the Maxtor story. I have a hard time believing a >$1.0 billion company (sales) that is an innovator and leader will fold. I have bought into HYTDL heavily. At nearly 12% tax free interest due to the UST Bills, it almost seems like a sure thing. good luck