Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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Nov 13 3:59 PM EST

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To: Hungry Investor who wrote (815)	4/14/1999 11:07:00 AM
From: William Epstein	Read Replies (1) of 1989

Sctt Perry; Your right, of course. I missed that part of the report last night. That that new inventory accounting method would be applied to next quarter's revenue. I also agree that this a more realistic inventory accounting system. I like that too. It prevents nasty surprises like chargebacks going into the following quarter. Sorry for the error. But 60 million to close a small plant? I know the UK is socialist and all the workers must be taken care of forever afterward, like they do in Canada but that's a lot of dough. After the last charge of 77 million I wrote to Luczo asking if we could expect any more charges against earnings. Now I know why I never got a reply from management. PHOTOMAN

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