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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (7213)	10/12/1999 10:34:00 PM
From: Sarmad Y. Hermiz	Respond to of 9256

This is an excerpt from a news story on SEG after the Q report. It seems the CEO is optimistic. One Item in the report showed inventory turns increased from 10 to 13 during the quarter. If other DD makers are in the same shape, it means there in no inventory glut. ------------------------------------------ In an interview, Chief Executive Officer Steve Luczo said he saw a tough road ahead for the industry over the next few quarters but said Seagate was poised to stay profitable. "We think it took a real extraordinary effort to execute how we did this quarter, and we will work just as hard next quarter," Luczo said. "We turned the corner and we don't want to fall back in Q2." "We've just regeared our business to recognize that that's the kind of environment we're in," Luczo said in a conference call. "As evidence of success in these areas, the company in making 25 percent more drives than two years ago with 27 percent fewer people."

To: Mark Oliver who wrote (7213)	10/14/1999 5:28:00 AM
From: Z Analyzer	Read Replies (1) \| Respond to of 9256

Anyone notice the way Luczo? danced around the question of when SEG would have 10 GB/platter drives? Does anyone share my suspicion that SEG is using profits in the high end to subsidize the low end while WDC dies? Maybe Samsung will give up the ghost also. That explanation makes more sense to me than believing that owning component suppliers is inherently more efficient. Perhaps all of SEG's profits from both the high end and from their internal component supply are going to fund the war. Their inevitable success and perhaps the brighter future tempt me to buy SEG and are keeping me away from HDD as much as I like the price. Will be interesting to see earnings. -Z