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 284.47

-7.7%

Jan 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Mills who wrote (5095)	6/9/1998 4:37:00 PM
From: Teddy	Read Replies (1) of 7841

Tuesday June 9, 12:52 pm Eastern Time RESEARCH ALERT- Salomon ups Seagate to buy NEW YORK, June 9 (Reuters) - Salomon Smith Barney said on Tuesday that it raised its rating on Seagate Technology to a buy rating with high risk from a neutral rating, saying that the computer storage maker was poised for a turnaround. Analyst John Dean said he believes that the company will return to profitability in the current fourth quarter with a profit of $0.04 per share, excluding restructuring charges. The company has reported losses in the previous two quarters. He said Seagate is showing improvement in its high-end business and in developing a strategy for the low-end of the computer storage market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next