Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 257.38

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3:14 PM EST

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To: Sam who wrote (881)	6/1/1999 12:37:00 PM
From: Robert Douglas	Read Replies (1) of 1989

Sam, As your post pointed out, Seagate's value is approaching the point where half of it is from VRTS. Although about 6 weeks old, let me quote from a Credit Suisse First Boston report on Veritas Software: <<Management noted particularly robust demand from many of the leading e-commerce vendors, including eBay, Amazon.com, AOL and E*Trade, which collectively estimated to represent between 15-20% of Veritas' March quarters revenues compared with roughly 5% a year ago. These figures support our belief that storage management software will continue to benefit from growth in Internet-related user population, traffic, bandwidth consumption and commerce activity…>> Does this mean that Veritas and therefore Seagate are Internet stocks?

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