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Technology Stocks : Seagate Technology

STX 265.38

+3.7%

9:30 AM EST

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To: Mephisto who wrote (12)	3/22/1996 4:05:00 AM
From: John Kuras	of 20

Mephisto: Just to add to your statement about the Dataquest report, yes the rate of growth of PCs in the U.S is slowing (7.6% in 1996 compared with 42% in 1994 and 22% in 1995), but the decrease is relatively small because the U.S. PC market represents only 11% of the total. Also, according to the new release I read, manufactures who produce the building blocks of PCs--such as microprocessors and disk drives shouldn't feel any downdraft from a weakening U.S. home market because of gains elsewhere in the world. It doesn't matter to Seagate if their products go into PCs for corps. in Germany, schools in the U.S. or homes in Japan. Seagate has positioned themselves in the global market and "are not overly dependent on the U.S. market" according to Dataquest. Technology is still one of the fastest growing sectors of our economy and I remain bullish on Seagate. This recent selloff from the Digital news was overdone. Digital is #10 in sales and has dropped out of the home PC market. Which means to me, a good buying opportunity for Seagate-a bellweather company that sold off on someone else's bad news.

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