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Technology Stocks : Seagate Technology

STX 285.27

+0.9%

Dec 24 4:00 PM EST

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To: Paul Reuben who wrote (4322)	12/15/1997 12:41:00 PM
From: stock bull	Read Replies (1) of 7841

Paul & ALL; I previously forecasted that SEG would be trading in the 17 - 18 dollar range. Its now trading a 18 3/4, very near my forecast. The forecast was based on the stock's valuation. Based on the current valuation, the stock should be even lower than my original forecast. However, I don't believe the stock will trade below 17. Reason....the company has implemented its restructuring plan; eg, the closing of the Clonmel plant. I anticipate that SEG will have other announcements within the next few weeks to months. Given the implementation of the restructuring plan, I anticipate that we will see a bounce in the stock's price. Long term growth will depend on the outcome in SEA and the overall outlook for the dd industry. Just my thoughts. Stock Bull

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