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: DJBEINO who wrote (4680)	2/18/1998 8:03:00 PM
From: Rich Mosko	Read Replies (1) of 7841

This is interesting.... gruntal.com Seagate (SEG-Hold-$24 1/2) 2/18/98 Investor Suitability: Growth We believe yesterday's Quinta announcement properly positions SEG as a technology leader. If SEG can effectively bring the Quinta product to market, it then could recapture its lost marketshare on the high-end. We will be watching this space and expect others to follow. Quantum (QNTM-Hold-$26 3/16) with TeraStor is also expected to announce a near-field recording (NFR) device later this year. Additionally, Seagate did not furnish a timeline for Quinta's rollout. Furthermore, we have not adjusted our models, due to the uncertainty of the product schedule, which we would not expect to significantly impact either revenue or earnings for at least a full year. Quinta does have three clean rooms in San Jose, capable of making 300-500 drives per day, which would likely be more of a test-bed for eventual offshore production. We reiterate our Hold rating on SEG shares at this time due to component and manufacturing start-up costs, which we would expect to have an initial negative impact on earnings in Quinta's early stages. ( David Takata )

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next