Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 267.08

-5.7%

12:31 PM EST

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To: William Epstein who wrote (825)	4/16/1999 9:42:00 AM
From: Duker	Read Replies (1) of 1989

RESEARCH ALERT - Veritas Software raised NEW YORK, April 16 (Reuters) - Credit Suisse First Boston said Friday analyst Wendell Laidley upgraded Veritas Software Corp. to strong buy from buy. -- Veritas on Thursday reported first quarter net income of $13.6 million or $0.26 per diluted share, up from $9.1 million or $0.18 a share a year ago. -- In a note, Laidley said Veritas ''continues to generate solid (profit) margin expansion'' and called the company ''one of our most compelling infrastructure software ideas.'' -- Raised 1999 earnings estimate to $1.12 per share from $1.08 and 2000 estimate to $1.58 from $1.42. -- Shares closed on Thursday at 83-3/8, later climbing to 85 in after-hours trading.

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