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Technology Stocks : Seagate Technology

STX 279.35

+0.3%

Nov 7 4:00 PM EST

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To: DJBEINO who wrote (7376)	1/20/2000 12:12:00 PM
From: Mark Madden	of 7841

I have two comments on the articles from the Bangkok Post and the Bloomberg News. <Seagate Technology Inc., the world's No. 1 maker of computer disk drives, plans to fire* about a tenth of its workers in Thailand> The word fire* is pretty strong when the reductions are all voluntary. dailynews.yahoo.com <The disk-drive market was hit last year with falling prices that forced Western Digital, Seagate and some others to cut employees and costs> The SEG and WDC reductions should not be put in the same category. The restructuring plan caused the reduction in force for SEG. I think SEG is replacing people with machines to increase efficiency. This is different than cutting a portion of business and letting the employees go. Regards, Mark

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