Conner Peripherals Inc president and chief executive Finis Conner himself showed up to assure that inventories remain relatively flat: One of the typical rumours that comes at this time of year is that inventories are out of control – we are not out of control, he said; the June quarter inventory swelled to $2,200m from $1,400m in March; Conner reiterated that revenues and margins will be down in the third quarter on the second, but up in the fourth over the third; combined margins of 18% to 22% can be sustained, with disks at 18% to 20%, tape drives holding a 20% to 24% range, software at around 80% and subsystems at 30% to 405; he added that the company bearing his name had maintained strong relationships with nine of the top 10 manufacturers including Compaq Computer Corp, IBM Corp and Apple Computer Inc.
