Seagate Technology - Fundamentals 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 - Fundamentals

STX 262.02

+3.4%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gottfried who wrote (238)	12/1/1998 8:26:00 PM
From: Kevin Linder	Read Replies (1) of 1989

Gottfried; This may be old news right now, but CS First Boston was having an investment conference in Arizona today. Apparently the DD companies presenting were saying demand was rising; they were unable to meet demand by the PC makers and inventories were very lean. Whether this is just short term seasonal pressure remains to be seen, imo. In some ways I think this is a case of investment pros getting wary of the internet high fliers and trying to find industry sectors with more upside potential with less down side potential. There is still a lot of fundamental weakness here, but momentum players could bid this sector up in a short time. What also may be having an effect is that US Clearing Corp (a division of Quick and Reilly) has started raising margin requirements for some of the higher flying internet stocks. From 50% to 100% on some stocks. (I do not have a list sorry.) This will have a very subtle effect of slowly steering the momentum players and day traders from those sectors to other industry sectors. Maybe the long suffering HDD shareholders will benefit and 99 will be better than 97-98. Kevin Linder

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next