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Technology Stocks : Seagate Technology
STX 275.39-1.7%Dec 31 4:00 PM EST
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To: ARTHUR A GRUBB who wrote (4035)11/7/1997 4:17:00 PM
From: Joe E.   of 7841
 
Re "glass half-empty"

But disk drive 97% full.

I bought one of the first sub $1000 computers several months ago as a secondary computer, and now I find the 1 gig hard drive is 97% full. I wonder how many other people will have the same experience over the next year or so. This might clear out some of that nasty inventory accumulation.

As an investment I like Seagate because they are a survivor in a take-no-prisoners industry plus they have a ton of cash. This limits the downside. As always, though, in this industry, the upside is limited by waves of price competition. I had hoped after the Conner merger some of this might subside.
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