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Technology Stocks : Seagate Technology

STX 296.36

+1.5%

Dec 19 4:00 PM EST

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To: DJBEINO who wrote (5469)	8/14/1998 4:19:00 PM
From: DJBEINO	Read Replies (1) of 7841

Quantum Corp. (QNTM) rose as much as 1 9/16 to 19 1/4 and Seagate Corp. (SEG) rose as much as 2 to 27 3/8. The disk-drive makers are now beginning to see the sales pick-up that has already rippled through other computer-component companies, said BancAmerica Robertson Stephens Inc. analyst Daniel Niles, who reiterated his ''buy'' rating on Seagate earlier this week. Sands & Co. analyst Matthew Russo said that while pricing does remain competitive, things are getting better for the components makers. Shares in Read-Rite Corp. (RDRT), another disk-drive maker, rose as much as 1 3/16 to 8 5/8.

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