Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 178.23

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To: Sam who wrote (7397)	11/21/1999 12:16:00 PM
From: Robert Douglas	Read Replies (2) of 9256

It would appear that everyone is getting on the Seagate bandwagon lately. Forbes, BW, and now this week's Barrons has an article on the valuation of Seagate's stock holdings vs. its own stock price. It looks like we're going back to 52 week highs, and, if they can report good numbers again, back to all time highs by mid or end of January, if not before then. Amazingly, those all-time highs were made solely on disk-drive operations. Put a $50 plus valuation on SEG's drive business today and Seagate would be close to $90, IMO. Yes, it looks like the bandwagon is filling up. Funny how these guys "discover" the same story all at the same time. But one thing for sure, there are a lot of people who now know the Seagate "value" story. If we could get some good news on the disk drive front while this price momentum is continuing, the old highs could easily be broken. -Rob

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