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Technology Stocks : Seagate Technology

STX 320.32

+2.6%

Jan 15 4:00 PM EST

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To: DJBEINO who wrote (5002)	5/17/1998 7:52:00 AM
From: David Jones	Read Replies (1) of 7841

SINGAPORE, May 17 (Reuters) - The worst is over for the disk drive industry, Seagate Technology's (NYSE:SEG) chief executive Alan Shugart said on Sunday. "I think it has bottomed out. We have seen inventories really dropped. The competitors all seem to have cut back capacity to manufacture like we have done," Shugart told reporters at an informal meeting in Singapore. biz.yahoo.com

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