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Technology Stocks : Seagate Technology

STX 265.63

+2.7%

Dec 4 4:00 PM EST

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To: JDN who wrote (4483)	1/8/1998 12:45:00 PM
From: Joe E.	Read Replies (1) of 7841

From SEG release: "Total revenues for the quarter are estimated to be about $1.65 billion. SEG reported net income of $212,600,000, or $0.91 per share ($0.84 fully diluted), on revenues of more than $2.4 billion for the second quarter of fiscal 1997." The essence of the SEG plan going forward to to realign their capacity and market presence to fit the market. With revenues down by a third from last year, this must be a whopper of a realignment. At the same time, the stakes get higher as IBM R+D keeps giving notice of development breakthroughs in the technology.

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