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Technology Stocks : Seagate Technology

STX 346.53

+0.7%

Jan 22 4:00 PM EST

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To: Stitch who wrote (5363)	8/3/1998 11:43:00 AM
From: Kevin Linder	of 7841

Stitch; I agree with you it is something of a oversimplification. The Disk Drive is extremely competitive and has grown tremendously technology-wise. I think you are right about the thought of picking a winner. I also think SEG is one of the winners. I think IBM is undergoing a remarkable transformation. QNTM is going to be okay. I think that WDC, MXTR, and possibly Fujitsu are going to be possible casualties. Korea and Japan's problems should start to affect these companies soon and should start to help out the US manufacturers (I hope). I don't know when this slump in the disk Drive industry is going to end - I didn't think it would get to these levels in the first place. I guess lots of people got blindsided. I wouldn't be surprised if we start slipping back into more problems in this industry though. Maxtor's IPO raised a net $300 million for the company. This gives them room to continue the battle so I wouldn't be surprised to see more bloodshed here. Kevin Linder

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