Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 259.19

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Nov 19 3:59 PM EST

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To: Sam who wrote (873)	5/25/1999 11:29:00 AM
From: Robert Douglas	Read Replies (1) of 1989

Bear Stearns note this morning on VERITAS Software: <<We are seeing an acceleration of storage demand in some of the companies we have spoken with. (In fact, two companies have already burned through their 1999 storage budgets). The main reason is because of the Internet eating up a lot of storage. Because of their breadth of products and distribution capabilities, we think VRTS is the best positioned to address increased demand needs. VRTS is integrating with Seagate's software storage division. This transaction is supposed to close on 5/28. The revenue visibility of the combined entity will be second only to Microsoft. Also, we are seeing very strong momentum for VRTS in the HWP and SUNW channels. Overall, we think things are looking very well for VRTS. We reiterate our Buy.>> Seagate may have hooked into a real winner with this one. [EDIT] Sorry if that last comment sounded too rah, rah.

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