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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 181.08+3.5%Dec 19 9:30 AM EST
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To: Tom Simpson who wrote (3547)6/9/1998 9:35:00 AM
From: Mark Oliver  Read Replies (2) of 9256
 
09:06 ET Seagate Technology (SEG) 21 5/8: Salomon Smith Barney upgrading disk drive maker from "neutral" to "buy." Says believes turnaround is finally coming. Would expect news to lend a boost to remainder of this downtrodden group, e.g. Quantum (QNTM) and Western Digitial (WDC). All of these stocks trading at least 50% below 52-week highs. Upgrade could also influence shares of disk drive components makers, e.g. RDRT, KMAG, HTCH, APM.

Perhaps the first in a series of efforts to reestablish the sector to make the Maxtor IPO look better?

Cynically Yours,

Mark
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