Disk Drive Sector Discussion Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Disk Drive Sector Discussion Forum

WDC 155.45

-5.0%

12:44 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Z Analyzer who wrote (9050)	7/18/2001 9:50:16 AM
From: Robert Douglas	Read Replies (2) of 9256

I'm sure glad that Seagate management got me out of their stock last year - kicking and screaming, I might add. SCOTTS VALLEY, Calif. - Seagate Technology LLC, the big disk-drive maker taken private late last year by an investor group, posted a net loss for its fiscal fourth quarter as revenue fell more than 14% from a year earlier. Seagate, …posted a net loss of $1 million for the period ended June 29, compared with net income of $231 million a year earlier when the company was public. Coupled with the Veritas warning and a $41 stock price this morning, I'm sure Seagate would be in the teens if the old company was still publicly traded.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next