Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 261.44

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3:59 PM EST

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To: Sam who wrote (886)	6/2/1999 2:38:00 AM
From: Mark Madden	Read Replies (3) of 1989

Sam, The story about Petrie Stores is interesting. Actually, Berkshire Hathaway used to be a company wasn't it? Now they just own pieces of other companies but Warren Buffet has plenty of value in his shares. Something seems to be missing in the valuation of Seagate. How can the disk drive unit be worth less than $3 billion when they have $3 billion in sales in 6 months. Their earning will probably be $3 billion in 5 or 6 years. It sure does not act like an Internet stock. Mark M.

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