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Technology Stocks : Seagate Technology

STX 261.38

+1.2%

Nov 17 4:00 PM EST

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To: William Epstein who wrote (6995)	3/4/1999 4:43:00 PM
From: TEMFASSBAL	Read Replies (1) of 7841

William <<I have no faith in the stock's ability to move up in the very near future.>> No offense but I like to see you being negative....todays action is a bit of an over reaction to the IBM/DELL announcement IMO (and its the other way for HTCH of which I'm holder)....Long term will likely be somewhat negative for SEG as I'm guessing they'll lose some share to IBM with Dell...I would guess most of this would come with the new drive programs and thus the short term implications are about nill (thats for revs and earnings, who knows about share price, this is the market after all)....I would also guess SEG will pursue some alternate business to offset any loss of DELL share... RE: the near term with SEG....I haven't changed my opinion here, I haven't heard anything material from SEG RE their guidance (actually they just said that they see no real impact from the deal and are not changing their guidance)...so I'll wait patiently for the April numbers. Finally RE: this minor tech wreck we've been through here....IMO its the same old, same old...these guys get out when the markets running in Jan after a strong Calendar Q4 and now they're talking it down so they can buy it back cheaper (and the box makers were over extended and did indeed need to come in)...we're close to the end of the wreck IMO and we'll see a nice rally into April/May....theres a huge amount of liquidity out there waiting to move and I think that feeds the rally....bonds seem to be the wild card....I'm still in the we'll see what April brings camp.... Tim

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