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Technology Stocks : Seagate Technology

STX 237.49

-1.3%

Nov 21 4:00 PM EST

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To: Arthur Radley who wrote (6705)	1/19/1999 8:33:00 AM
From: Jean M. Gauthier	Read Replies (2) of 7841

Here's an except: William, you were right, AGAIN... Look at the target ! You predicted $ 72 ! ======= We are initiating coverage of Seagate Technology, Inc. with a Strong Buy recommendation. Our 12-18 month price target is $75. In the company's latest quarterly report (2Q FY99) Seagate significantly beat earnings estimates of $0.26 by reporting $0.42 earnings per share. Improving industry conditions and better internal operations resulted in an improved gross margin of 23.7%, and is expected to increase in coming quarters. Congrats William Take care Jean

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