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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (969)	7/7/1999 10:37:00 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 1989

Stitch and thread, Don't look now but almost 60% of today's SEG share price is accounted for by those 33 million shares of Veritas - now trading at $104. The value of the disk-drive business is now clearly in the single digits. Without discounting the problems this industry faces, I think the valuation here is becoming absurd. Seagate's warning wasn't one of losses like some of their competitors. They are still quite profitable, especially in the high-end. Unless the high-end becomes a profitless wasteland like the desktop, I have to believe that the market is overdoing the bad news. I see real value in the "Seagate Mutual Fund". As always, this is clearly my uninformed opinion. -Robert