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Technology Stocks : Seagate Technology

STX 259.14

+2.1%

Nov 19 4:00 PM EST

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To: William Epstein who wrote (6740)	1/26/1999 9:37:00 AM
From: Sam	Read Replies (1) of 7841

No strong short term feelings on it either, but my guess is it sits for a bit, perhaps doing some backing and filling as it digests its enormous recent move. Don't forget, unlike internut stocks, this stock has fundamentals that people pay some attention to. We have to see more about how the supply/demand picture holds up for the DD vendors. If we start to get a story running around the investment community about non-PC uses of drives, then we might start trading on a Rainbow Future; until then, we can't just go straight up. If that happens, though, your $72/share prediction will look way too low. JMHO.

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