Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 340.06

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11:03 AM EST

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To: David Jones who wrote (361)	12/14/1998 7:17:00 PM
From: William Epstein	Read Replies (1) of 1989

David Jones; No, its not that simple. The uncertainty is roiling the currency markets. The dollar has been and is continuing to fall steadily for several weeks now. That hurts the stock market. There is more uncertainty aboard than at home. The fact that impeachment DOA in the Senate is not really a fact. Its opinion. Maybe, well considered and well educated opinion but opinion nevertheless. Other people in other countries may have other opinions and their investments affect our stock market. They are afraid to put money into our markets because they believe our markets may crash soon. It may be a self fulfilling prophecy. Remember, the US dollar is the world currency and foreigners watch the exchange rates a lot more closely than we do. We have always been xenophobic about our politics, our currency and our economy. However, what goes around, comes around. Anyway, SEG is doing great, all things considered. By the way, I sent you a private message about Japan this afternoon. PHOTOMAN

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