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Technology Stocks : Seagate Technology
STX 272.28+4.0%Nov 26 4:00 PM EST
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To: Mark Madden who wrote (6667)1/13/1999 4:22:00 PM
From: William Epstein  Read Replies (2) of 7841
 
MARK;

They lost money last quarter or have you forgotten. However, the price rose more than 100%. This is fact, not my speculation. However, we can draw different conclusions. My point is that the price rise is taking place concurrent to the earnings rise but not because of it. You can disagree about my conclusions as to what goes on in the stock market and your point is taken however, the facts remain the same. The stock has risen rapidly, weather or not, earnings were good or bad. So, price rises in a stock are not necessarily, tied to earnings.
PHOTOMAN
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