Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 257.99

-1.7%

Nov 14 9:30 AM EST

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To: Stitch who wrote (843)	4/23/1999 12:52:00 PM
From: Sam	Read Replies (1) of 1989

Dragon withdraws its registration statement, so I guess Seagate is going to end up owning more than their current 38%: Voice recognition software developer Dragon Systems said it is withdrawing its IPO registration statement so it can negotiate a possible strategic investment. ''At this time, we believe it makes more sense to accept strategic corporate investments to accelerate our growth, and to allow us to capitalize on the huge growth potential of the speech market and result in an even more successful IPO in the future," said Dr. Janet Baker, the chief executive of Dragon Systems. Shares of Seagate Technologies (SEG: news, msgs), which owns 35 percent of Dragon, fell 3/4 to 28 1/4.

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