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Technology Stocks : Seagate Technology
STX 330.42+14.0%Jan 6 4:00 PM EST
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To: fifiluver who wrote (4312)12/10/1997 4:19:00 PM
From: uu   of 7841
 
Does anyone think the following news (and possibly any possible negative news) has already been built into the current price of $21-$22/shr, or are we going to see another harsh punishment of the stock?!

From briefing.com:
Seagate Technology (SEG) 21 3/4 -1/4: disk-drive maker says that over-capacity and lower prices and margins will prompt it to close its manufacturing facility in Clonmel, Ireland, leading to a 1,400 job reduction and a restructuring charge.....

Regards,

Addi Jamshidi
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