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Technology Stocks : Seagate Technology

STX 253.86

-2.9%

Nov 18 4:00 PM EST

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To: seminole who wrote (4745)	3/10/1998 8:40:00 PM
From: Jeff Mills	Read Replies (3) of 7841

Now this is the type of news I really like to see: thestreet.com Top Stories: Seagate Tries to Turn the Corner By Eric Moskowitz Staff Reporter 3/10/98 7:20 PM ET Don't look now, but there are signs that Seagate Technology (SEG:NYSE) may be getting healthy again. No, not in time to report a strong March quarter. But, according to sources, the company's new multi-gig hard drives named Barracuda, are selling like, well, disk drives. "We believe the period of rapid market share erosion has come to an end." -- Patrick Tenney "I've been hearing that there has been so much demand for Barracuda drives from corporate buyers such as Sun Microsystems [SUNW:Nasdaq] and EMC [EMC:NYSE] that Seagate doesn't have enough of them to ship," says David Takata, an analyst with Gruntal. (Gruntal didn't participate in Seagate's public offering.) But even more promising than the analyst's view is the word of mouth coming from the corporate level. Folks, once supply gets tight again--which it one day will--SEG and the others will fly high. JM

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