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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

748.0. "MTI stock anyone ?" by ENQUE::TAMER () Thu Jul 28 1994 10:58

    According to this week's DN&R, MTI stock is about $3-4, down from $9 at
    the initial public offering in April. 
    Now, MTI seems to have copied our StorageWorks products with their 
    StorageWare line targeted for Open systems. That may give significant 
    boost to their $123M revenue stream. 
    
    Does anyone have information about MTI, their product quality, tips,
    where the stock trades, symbol, etc.
    
    All opinions and speculations are welcome!
    
    Phil

T.R	Title	User	Personal Name	Date	Lines
748.1	more questions than answers	MROA::BONVALLAT		`Thu Jul 28 1994 14:12`	10
	I guess you're talking about MTI Technology (MTIC) on the NASDAQ. I'm not sure, but are they the large computer distributor based in California that specializes in distributing mostly Digital products? If so, I wonder if the drives you are speaking of are actually made by IPL Systems in Maynard and then distributed by MTI under their own label? I know IPL recently introduced some new "open" disk arrays and also recently signed a distribution agreement with "MTI" among others. IPL Systems is another interesting $4 stock you might want to check out.
748.2		LATNCY::MORGAN	Brad Morgan, Storage Performance Engineering	`Fri Jul 29 1994 14:54`	4
	Check the article in the July 25, 1994 edition of Digital News & Review... It seems that a group of shareholders have filed a class action lawsuit against the company alleging fraud and misrepresentation in MTI's public offering.