HMT TECHNOLOGY - UNDISCOVERED YET! Message Board

To: T Bowl who wrote (2074)

10/20/1998 7:23:00 PM

KMAG took market share from HMTT this quarter. KMAG's revenues increased sequentially by 4-5%, HMTT was essentially flat. It's not like KMAG slashed pricing, either, their ASP only dropped a few percent.

I don't want to make sweeping statements based on a few percentage points, but a big part of HMTT's investment thesis was their alleged competitive advantage over KMAG. Based on this I expected HMTT to emerge from the downturn both larger and stronger than KMAG. Doesn't seem very likely now.