• Some users have recently had their accounts hijacked. It seems that the now defunct EVGA forums might have compromised your password there and seems many are using the same PW here. We would suggest you UPDATE YOUR PASSWORD and TURN ON 2FA for your account here to further secure it. None of the compromised accounts had 2FA turned on.
    Once you have enabled 2FA, your account will be updated soon to show a badge, letting other members know that you use 2FA to protect your account. This should be beneficial for everyone that uses FSFT.

maxtor stock 4.53

Status
Not open for further replies.
well the ceo just resigned so the price is really low. as soon as they get a new ceo and the ncq drives are out bussiness should be booming
 
eigna said:
Actually it was the CFO that resigned not the CEO.
Click to expand...
Yeah he probably declined ABC position and decided to go to Western Digital for that DEF position, glad they didn't offer him that XYZ position, god help them! :p
 
umbra said:
well the cfo just resigned so the price is really low. as soon as they get a new cfo and the ncq drives are out bussiness should be booming
Click to expand...

hope so! I would very much like to stay employed.... :eek:
 
topcat989 said:
and after having the job for only 2 months, mmmmmmmm........ :eek:
Click to expand...


That is way not good. Maxtor won't go out of business any time soon, but that is not good. Looking at a chart they are about back where they were 2 years ago. If the stock continues dropping, I would buy, probably around 3.75 -4.00. If these new drives turn it around like they did 1.5 years ago, then prices at 10.00+ would be no problem.
 
Our stock bottomed out at like 2 bucks right after we announced our second quarter "earnings." Then came the layoffs...

Hopefully the DiamonMax10/MaxLineIII product line will help turn things around a bit.
 
Their corporate credit rating is an 'ok' B. Investing in them will be risky, but high risk means high returns, or big fat juicy loss.

Now let me tell you about loss! When I was a kid, when we lost our shoes we had to walk 5 miles uphill, both ways, just to find a clue...
 
Haha interesting that you post this has a "hot deal." Not exactly what I had in mind - but when NVidia dropped to like 9 that definitely was hot - so i guess this counts....
 
or when Xerox went to like 3 and change.. or ATI at 5.. or ...tech stocks can be fun if you watch it. invest in what you watch. and don't invest more than you can lose... but WOWIE.. about once a year or so a "HOLY CRAP BUY BUY BUY" signal comes. I'm not sure about maxtor.. I'll buy some now, but if it goes to 3.70 you know I'll get more.

win some lose some.

(from years ago: stupid stupid buy.com board of directors.. and me.)
 
LOL Rma it once a month


maxtor had a suit against them for a batch of faulty drives they manufactured

free replacements for all slim drives!!!! totalling over 200 new drives for our organizatio. The drives they replaced the maxtors with were seagates. thank god someone actually took them to court and settled with them; otherwise we would still be RMAing each drive one by one as they died to dell.
 
I bought some at 3.00 bucks...sold it at 4+....cause I was unsure what it was going to do and needed the money to pay a racing on roadway ticket and lawyer fee. Stupid. Anyway it's now at nearly 5.00 and just keeps climbing like crazy. I kept thinking surely it would turn around but it hasn't yet, and I hate to miss the bandwagon. I sold my cisco stock at a 500 dollar loss cause it isn't doing a dang thing and now i have like 1250 dollars to invest. Do you guys think MXO is still a good buy? Long term I think it will go back up to 8 or 10 before long, but i'm more concerned with the short term.

What's the word?

Looking at the 10 year chart, it seems like it might be the end of the latest "buy" time, and getting closer to a "sell" time. But those 16MB drives they released could spur that stock on up to 8 or so pretty easily before the stock turns south..... :confused:
 
Archaea said:
Looking at the 10 year chart, it seems like it might be the end of the latest "buy" time, and getting closer to a "sell" time. But those 16MB drives they released could spur that stock on up to 8 or so pretty easily before the stock turns south..... :confused:
Click to expand...
atm hard drives seem to be commodities...without "serious" advances in the pipe-line.

I'd personally buy into companies on a general upswing, instead of buying and "hoping" for one ;).

There's too many winners around to bother with could-be's or has-been's imho.
 
Actually Maxtor is better than WD. WD stock always seems to crash when I least expect it. Of course, you'll want the MaxLine stock and not the cheaper common stock from Maxtor if you want good reliability.

Sorry... this thread is humorous...

On the serious side, I believe Maxtor is having some very tough times and is having some meetings with the board, etc. to determine ideas (emphasis on ideas) for direction.

I like Maxtor and hope they can pull themselves out of the tail spin they're in. I really do get sick of replacing our WDs in some of our raid units... I haven't replaced a MaxLine drives in the two years we've started using them. I do think they make a better product... YMMV of course.
 
Have to agree with the above... I've had no problem with Maxtor's, but WD and Deathstar's have been nothing but...

The word is still out on Seagate as I only use them on the Mac's and the only ones that have been RMA's were the OEM ones included with the Computer's.
 
well, for me it doesn't get much better than buying a load of stock shares at three bucks a piece, and then selling them a month later for 5 bucks a piece. The rapid upswings is what I like, so to me there really isn't better companies out there than the low volume, high volatility strong companies.
 
scientificTHEgreat said:
LOL Rma it once a month


maxtor had a suit against them for a batch of faulty drives they manufactured

free replacements for all slim drives!!!! totalling over 200 new drives for our organizatio. The drives they replaced the maxtors with were seagates. thank god someone actually took them to court and settled with them; otherwise we would still be RMAing each drive one by one as they died to dell.
Click to expand...

Do ya happen to know what models this affected? I have 3 30 gig drives that I had in some machines I built for people and they all shit out 14 months after purchase. I checked the website and it says they're out of warranty, and while I was searching the net, it said the model #'s had problems and failure prone. If i can get them replaced, it would be great. Sorry to get off topic.
 
hah this is great I forgot all about this thread. What I am going to do in the future is this. look at amd's stock then get a graph of it's value. buy a crapload in summer and wait till around christmas and then sell. I am in a program at my school that pretends we're investors and gives us 200k to play with I bought amd at $14 it's now like $22 and the yearly low was $10 made a cool 10K on that in my class :D
 
well thanks umbra...you made my girlfriend and i some nice money...i hadn't even ever thought to look at mxo before...


I've played the graphics card companies and processor companies for a couple of years now. Their stock is easy to figure out....about 3 months before the actual retail release of any major chip, or card, buy buy buy...then sell about 3-6 months after it hits the market. AMD and INTEL's stock charts big fluctuations correlate exactly with every major processor release...it's like taking candy from a baby. Keep your eye on ati too if they get the xbox2 deal. Nvidia's stock went sky high when they sealed that deal. ATI will do they same if they get the xbox2 deal. just keep in mind that after it flies high it's gonna come crumbling down. I just try to catch the waves up and bail at the top each time.
 
Archaea said:
I sold my cisco stock at a 500 dollar loss cause it isn't doing a dang thing and now i have like 1250 dollars to invest.
Click to expand...


Hah, I saw on FoxNews today, 2 financial advisors said to buy Cisco, saying that they think it will double in the next year. But then the 3rd guy said their company was still too disorganized so he didn't think they would be going anywhere.
 
i've had it for the last year...bought it at like 27...sold it at like 20...

Lost like 500 bucks....stupid stupid stupid....that's the whole reason I bought it initially is because I thought it would double back then...they are really low compared to their overall average, but it just sits there and I can't afford to not make money on that money I had in their company..I could have made that 500 back 2x's by now in other companies. Just dumb to keep it in there as long as I did. I bought it after I heard word they were gonna buy linksys. I thought man...Cisco and linksys combining forces. That means that they'll own the business and home market. They are going to fly sky high...but they went down....

Sometimes you get the bear, sometimes the bear gets you.

I would have liked to have held onto CSCO longer, but I think I could make the money on MXO faster. I just dropped another 1G in MXO tonight. We'll see if i can make a couple hundred in the next few weeks. When MXO starts heading down I'm out....Selling and go elswhere.

Scuba Steve...Why don't you make a forum for these stock ramblings....I really think that would be helpful to have other techheads bantering back and forth, offering up ideas.
 
i heard that ATI sealed the deal about a year ago, but stock won't climb until much closer to console release. just like it did with Nvidia on the xbox one, and given that there were about 3+ years between the announcement and the actual xbox2 release, i'm a bit more wary than just buying ATI stock already, anything can happen in the tech world in 3+ years.
 
I would wait until ati stock was just plain low and buy it then and mark it off as a long term investment. wait until a ceo resigns or something and then buy it when it's real low and be patient. It'll be a long wait but I it will deffinetly pay off. and the only chance of it not working is if ati goes out of bussiness xbox will take off more than before too because they'll launch at the same time and ps3 won't have the same head start it had with the ps2
 
i agree with you except..

anything can happen in 3+ years...

say the next 3 or 4 rounds of graphics cards are all big advantage in Nvidia's favor.

ATI could just as easily go under before they ever get past the concept phase of developing XBox 2's card.

Ati would be a much safer bet down the road,

CEO's resigning at companies can be good or bad. CEO's resign typically if the companies in bad shape. that means that the company may fall into the hands of someone less capable even, and the stock could plumment futher, or the company could dissolve, just because a CEO resigns doesn't just mean buy buy buy.

In the case of ATI, i would agree at current that buying their stock is a good long term investment, but there are other short term investments that I'd perfer to play and make money on my money that would otherwise just be sitting in a long term investment. Also typically long term investment companies are the more stable big companies, Oil, manufactorers, retailers. whereas tech companies are not typically thought of by most as long term investment companies.
 
MXO went up to 10.00 and has fallen....I should have held onto it past my sell at 7.00
 
I just wanted to add my .02 by saying that advising people to buy stock because of new product offerings is simply bad investment advice. There are a million and one reasons why a stock price goes up and down.


edit: ooooooooo even I got taken by an old thread......heh
 
I'd normally call a dead thread also. However Archaea was one of the orginial posters, and was posting what happened after a long period of time. It cool he posted to let us know how the stock went.
 
Seagate bought maxtor.

Like in dec early jan I believe...wow holy old thread.
 
I know this is an old thread, but it is interesting to see what would have happened if you had invested back when the thread was started. Just running some quick numbers; if you had invested in MXO at 4.53 per share on 10/15/04, you would have seen a 68.4% increase in your investment through today. Not bad ...
 
Qtip's right. A good reason to buy is if you know (before it's announced), that a company is about to be bought. Usually the stock spikes right after the announcement of sale. (Then it goes back down.)
 
Status
Not open for further replies.
Back
Top