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Technology Stocks : Seagate Technology

STX 325.99

-0.1%

Jan 20 4:00 PM EST

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To: Kevin Linder who wrote (5312)	7/25/1998 3:20:00 PM
From: Frodo Baxter	Read Replies (1) of 7841

Great post. As investors, we shouldn't get too sentimental about Al's ouster. Et tu, Brute? One quibble: >Shugart did not cause this last disk drive war. He was part of the management that created some of the inefficiencies that have hampered Seagate. Oh, I don't know about that. I've always contended that SEG's vertical inefficiencies combined with WDC's flawed TFI strategy led to the current mess. Both flaunted Moore's law (okay, too harsh... they tried to hold it back) and paid the price by giving succor to second tier competitors, ultimately destroying the oligopoly model that had almost taken hold. Ah well, that's ancient history by now and cartels generally don't succeed anyway. If I was into business drama rather than my own investment returns, I would make the modest proposal that QNTM offer Al its chairmanship (he has to make sure the board buys back all his stock as part of his severance). Then make a play for MXTR either before or after its busted IPO. It would be a great vantage point from which to observe the destruction of the company he created. You know what they say, revenge is a dish best served cold.

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