Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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To: Zencone who wrote (348)	12/11/1998 9:53:00 AM
From: Sam	Read Replies (1) of 1989

From your linked article: <<''In the early 1980s, the standard unit of computer storage, one megabyte, cost about $100. Today it is 10 cents and in two years it will be two cents,'' Stanca told an IT (information technology) and telecommunications seminar according to a copy of his prepared speech.>> I don't know what planet Stanca is on, but .02/mb is already here for higher capacity drives. If the IBM drive division is selling its in-house customers storage for .10/mb, then no wonder their drive division is showing huge profits and growth. This is such an oulandish quote that it must be a misprint.

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