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Technology Stocks : Seagate Technology
STX 253.86-2.9%4:00 PM EST
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To: Alan Casey who wrote (6956)2/26/1999 11:50:00 AM
From: TEMFASSBAL  Read Replies (2) of 7841
 
Hey Alan
We'll see in April....I don't buy it...the box makers were way over extended (esp. relative to the HDD companies) and needed to come in...everyone I talk to (the companies (HTCH, SEG) Disktrend, etc) is calling for solid growth in the drive market...I think you need to consider the relative difference in the position of the HDD stocks and the box makers at this point... I don't think there will be NO growth in PC sales do you...the EMC CEO said pricing on HDD's was "balanced" ...the drive stocks are coming out of their worst period in history and the box makers are coming off of one of their best and facing some pressure for the first time in a long time...if the analysts that made this call are so confident in the doom and gloom of the PC why did their Q and yearly earnings revisions both go down the same amount (-.05, meaning they're leaving the next couple Q's the same)...IMHO this Q (Jan) was no good but they don't seem to be extending this do they...maybe I'm wrong but I wasn't last October and those moves paid off handsomely (and there were plenty of nay sayers saying the same thing then as you are now)...I'll risk $3750 (30 April 32.5's) of those profits for the potential reward....see you in April....
Tim
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