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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 162.40

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3:59 PM EST

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To: Sam who wrote (1536)	11/14/1997 2:05:00 AM
From: Frodo Baxter	Read Replies (2) of 9256

Anybody still care about fundamentals? SEG's 10Q is out. Nothing particularly interesting, except... - Book value's about $13/share. More than half is property. - Bought a million shares last quarter for $34 each. - As of 10/3, lost $163 million on their currency futures, of which $62 million has already been written off. I re-jiggered the numbers, marking-to-market with current exchange rates. My calculations come up with a loss of $237 million. Is it realistic to believe that SEG will have offsetting cost savings? For edge-of-envelope calculation purposes, this is more than two grand per Seagate employee. The per capita GNP in Thailand is about two grand.

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