Seagate Technology 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 : Seagate Technology

STX 285.27

+0.9%

Dec 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Certafied who wrote (3966)	10/31/1997 2:32:00 AM
From: Jacky AY	Read Replies (1) of 7841

Will we see the price go to ~ $17? Or ~$21 with Hambrecht & Quist revision of $1.40? I don't really know it's appropriate to value SEG using PE now. First of all, the earning shortfall is perceived to be temporary. Wall St. ANALysts and us, shareholders, expect SEG to come back strong in 1998 and thereafter. Therefore, a certain premium is paid for today's price. Secondly, SEG has a book value of about 14.5/sh. It's extremely rare for a technology leader to sell for less than 2x BV. When the shaky market recovers, the industry leader should lead the rest of the sector higher. If you would look at the picture boardly, the outlook of entire DD industry is healthy. SEG, QNTM, WDC should double in 1 yr. (If you don't believe me, just look at summer 96 techstocks turmoil; you'll understand what I mean...)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next