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Technology Stocks : Seagate Technology

STX 287.64

-6.6%

Dec 12 4:00 PM EST

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To: csm who wrote (5267)	7/20/1998 12:27:00 PM
From: Kevin Linder	Read Replies (2) of 7841

Larry: Seagate maintains a breakout of revenue on its web site. This is the analyst sheet sent to brokerage firm research departments. Last quarter Software revenue was approximately $79 million. Most expectations I have seen value the software division between $1.5 and 2 billion dollars. The actual amount will depend upon sales; growth trends; and the market for IPO's at time of spinoff. There are several issues that management said (in conference call) needed to be addressed on the software company side. specifically slower growth last quarter; new product integration and introduction. another big factor will be the overall health of the disk drive industry closer to the time of spinoff. Most analysts and companies have said that the industry wide improvement may not come until next year. Kevin Linder

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