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   Technology StocksDisk Drives - Buy When BLOOD is in the street


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To: Jimbo Cobb who wrote (75)11/12/1997 9:14:00 PM
From: Mark T. Heath
   of 93
 
Ok, Ok, Ok, geez, I hit the wrong button. It's not like I started a nuclear war or something. Lighten up.

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To: Pierre-X who wrote (68)11/13/1997 12:12:00 AM
From: raymond marcotte
   of 93
 
the following is from the yahoo 'profile':

Veeco Instruments designs, manufactures, markets and services a line of precision ion beam etching and surface metrology systems used to manufacture micro-electronic products. For the six months ended 6/97, revenues rose 39% to $63.4 million. Net income decreased 21% to $3.1 million. Results reflect continued growth in Ion Beam Systems sales. Earnings suffered from acquisition costs of certain assets of Media Magnetic Applications, including $4.2 million in acquired R&D.

don't you just love those companies with revenues going in one direction and net income in the other! takes a lot of digging to see if this is a short-term phenomenon, AND if the company has made the correct wager to get them both going in the right direction.

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To: raymond marcotte who wrote (79)11/29/1997 12:18:00 AM
From: Ian@SI
   of 93
 
To Thread, Is there enough blood yet?

Following is an extract from
the Marketplayer database. ( marketplayer.com You have
to register but the price is right. ...FREE)

Data is sorted by
Ascending Price / Sales. Estimated P/Es are based upon estimated
Earnings for the next 12 months from the I/B/E/S database.

Comments welcomed on best plays.

Thanks,
Ian.

11/26 2Yr 2Yr Est EstPE/
Tkr Description Price High Low P/E P/Bk P/S LTG ROE
WDC WESTERN DIG 20.25 55 7 9.8 2.72 0.43 0.50 27.8
SFLX SMARTFLEX 9.75 20 9 23.0 1.30 0.48 1.15 5.6
QNTM QUANTUM CO 26.75 43 5 8.9 3.20 0.60 0.45 36.0
SEG SEAGATE TEC 22.50 56 18 14.1 1.56 0.63 0.71 11.1
AFLX ADFLEX SOL 18.44 31 7 12.0 3.45 0.79 0.60 28.8
RDRT READ-RITE 19.06 39 10 7.7 1.66 0.80 0.36 21.6
APM APPLIED MAG 16.31 61 8 7.6 1.65 0.82 0.31 21.6
FLEXF FLEXTRONI 41.00 50 16 19.0 6.17 0.91 0.65 32.6
KMAG KOMAG INC 20.31 37 15 16.8 1.56 1.74 0.75 9.3
HMTT HMT TECHNO 12.75 29 10 8.0 3.92 1.94 0.34 49.2
INVX INNOVEX IN 23.06 43 6 8.7 4.53 2.61 0.50 51.8

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To: Ian@SI who wrote (80)11/29/1997 9:52:00 AM
From: steve goldman
   of 93
 
I am definately a bottom-up value investor. Hard drives just became big on my radar screen. Don't minimize the fact that it might take a good few months or even longer to shake out the issues, if ever, and move higher. As well, you have to filter out the crap hard drive companies from the solid ones with earnings, no debt etc. I posted the message below on the APM thread and thought I might get some feedback from here as well.

"

Anyone have the lasted short interest in APM. Lets say they only make 1.70ish or so for the next year (they made good cash the past 4 qtrs which lets you know what kind of assets they have), with a large short interest, I would think this is a prime canditate for a short squeeze. Especially since the hard drive co.s seem to be bottoming out. From my perspective, shorts like to wait for the last dollar and never seem to get it. A stock that just earned 66 for the quarter can by whatever technology it needs.

I don't own it yet, but having been around long enough, I have seen stocks with earnings like this turn on a dime. After all, we're not talking about .03 cents or a dime. 66 is decent stuff, that's net of paying thebills, the salary, the r&d,etc.

Any thoughts?

If anyone knows the short interest, please post it or email it to me.
Thanks
steve@yamner.com

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To: steve goldman who wrote (81)11/29/1997 11:37:00 AM
From: Dale Baker
   of 93
 
Steve, Briefing's 11/21 report shows 9.32 million short (down from 9.63 million a month ago) in a 19.4 million float with 23.91 million outstanding. Could be a squeeze here.

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To: steve goldman who wrote (81)11/29/1997 4:11:00 PM
From: Frodo Baxter
   of 93
 
Message 2619772

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To: steve goldman who wrote (81)11/29/1997 6:15:00 PM
From: Ian@SI
   of 93
 
Steve,

APM short interest is:
November Ocober %Chg Avg Dly Vol
APPLIED MAGNETICS 10,527,746 9,316,049 13.0 1,135,618

If you subscribe to the WSJ, you can get this at:

interactive.wsj.com

I wouldn't expect the HDD companies to go up much before tax loss
selling season ends, but I don't really know. In terms of prospects
for the stocks in my post yesterday, I suspect all will double from
today's price in less than 2 years.

Does anyone have a case for a double in less than 1 year?

Ian.

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To: steve goldman who wrote (81)12/7/1997 2:26:00 PM
From: Dale Baker
   of 93
 
Does anyone think QNTM has turned the corner or is this just another head fake? The fact that they haven't said "boo" about fourth quarter earnings is more worrisome than reassuring. Either they are the white knight in a blood-drenched sector or Freddie Kruger is waiting just around the corner with a big knife...

I'm open to opinions.

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To: Dale Baker who wrote (85)12/12/1997 3:05:00 PM
From: appro
   of 93
 
I see this thread is revived. I hope Freddie Kruger did not get you.
I do not think carnage is over. Keep your eyes open and do not go out in the dark. : )

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To: appro who wrote (86)12/12/1997 3:08:00 PM
From: Dale Baker
   of 93
 
Too late. I'm roadkill. But I'll be baaccckkkkk.....

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