Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Yogi - Paul who wrote (1112)	8/30/1999 4:29:00 AM
From: Duker	Read Replies (1) \| Respond to of 1989

Seagate to invest $100 mln in 4 Thai units BANGKOK, Aug 30 (Reuters) - U.S. electronics giant Seagate Technologies plans to invest 3.86 billion baht ($100 million) in four Thai disc drive production units, the Board of Investment said on Monday. The board said in a statement the four projects, operated by Seagate's subsidiary, Seagate Technologies (Thailand), had a total production capacity of 30.72 million units of hard disk drive (HDD) a year. It said the move was part of Seagate's production restructuring plan and was in response to growing demand for HDD, mainly driven by the Internet. Global demand for HDD was expected to increase gradually every year and to reach 205 million units in 2001 with an estimated value of $28.15 billion, the statement quoted Trendfocus research agency as saying.