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Technology Stocks : Seagate Technology
STX 237.49-1.3%Nov 21 4:00 PM EST
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To: William Epstein who wrote (5684)9/15/1998 8:39:00 PM
From: Raptech  Read Replies (2) of 7841
 
PhotoEp:

I don't think it was an actual interview on CNBC, but a news report per below:

On the outlook for the over-supplied disk drive market,
Stead said it was too early to say if the market has turned
around.
"We have to get through September. Traditionally, by the
end of September, the market would go into a shortage. But in
1997, that didn't happen. We have to wait and see," he said.
The desk top market was also extremely competitive and
"brutal in some areas," Stead said.

Typically, CNBC took the liberty to refer to this as a glut

Rap
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