SI
SI
discoversearch

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 237.49-1.3%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stitch who wrote (5280)7/21/1998 9:50:00 AM
From: Sam  Read Replies (1) of 7841
 
Stitch,
Actually, Luzco was initially hired to develop the software division. Shugart saw that SEG's business was going to throw off more cash than could possibly be invested back into the drive business, and looked around for other ways to invest it. Or perhaps it was Luzco's idea in the first place, and he sold Al on it. I don't know which way it went, but that is what he was hired to do.

So Al is leaving. Good grief, if was just last year that he said he was "having too much fun" running SEG, and wouldn't retire for a long while. And was voted "Executive of the Year" by some technology group in Silly Valley, as I recall. What a difference a year makes! Personally, I wish him well. This year was a difficult one for everyone in DD business except for the Surprise Guys of Fuji and Maxtor, to put it mildly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News