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Technology Stocks : Seagate Technology

STX 279.35

+0.3%

Nov 7 4:00 PM EST

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To: Ted The Technician who wrote (7382)	2/9/2000 1:10:00 PM
From: Knight	Read Replies (1) of 7841

Does SEG own Gadzooks Inc. or Gadzoox Networks Inc.? <<What's more, Seagate owns five million shares of Gadzooks Inc. (NASDAQ:GADZ - news) , the mall-based specialty retailer of casual apparel, and five million shares of SanDisk Corp. (NASDAQ:SNDK - news) , a designer, manufacturer and marketer of flash memory data storage products, that together amount to $545 million in market cap. Seagate also has $6.70 per share in cash. >> I suspect the above is a mistake. Why would SEG own such a large number of shares in a clothing chain? I suspect they really meant Gadzoox Networks (ZOOX) rather than Gadzooks Inc. (GADZ). Gadzoox Networks is a fibre channel equipment vendor. This would make much more sense since it's storage-related.

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