Seagate Technology Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Seagate Technology

STX 262.56

-7.3%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William Epstein who wrote (7168)	3/26/1999 11:19:00 AM
From: DavidCG	Read Replies (2) of 7841

I just shorted SEG today: Here's why I'm not a gloom and doomer...and I like the hard drive industry.. but recent events don't bode well for SEG. And I can read the writing on the wall. Reasons to short: 1.) SEG loses high end DELL sales to IBM 2.) Analyst downgrade yesterday (first time in recent memory) 3.) RDRT announced not going to meet estimates 4.) HTCH laying off 500 people 5.) General computer buying slowdown in entire sector 6.) No one is sure how long Serbian conflict will last Do I think all of this will last forever? Nope. However... when the earnings start coming out in the computer sector I see major down days in the tech sector and Nasdaq. And also, even if SEG meets estimates this quarter. I have yet to see a time when meeting estimates in the computer sector results in the stock moving higher. Only when earnings greatly exceeds expectations does it rise higher. Anyone see SEG greatly exceeding expectations this quarter? Read the signs all around you. The hard drive industry is slowing down (for now). -DavidCG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next