Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 296.36

+1.5%

Dec 19 4:00 PM EST

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To: fiberman who wrote (4583)	1/21/1998 8:42:00 PM
From: William L. Vu	Read Replies (2) of 7841

I think the report is actually good. The estimated loss od $.33 does not include the $250M that the company preannounce. So the actual comparision should be (-$.08) and (-$.33). Also, the charge is smaller than the 250$M preannounce. SEG did beat the street this quarter. However in the report it did say that they can not take all of the charge in this quarter. Some charge will be included in next quarter. My question is why they put the charge in next quarter when this quarter they did not use up all of the $250M preannounced? Does this has to do with the severence pay related to the lay-off that can not be included in this quarter ? Any guess is wellcome. V.

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