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

To: Pruguy who wrote (1150)	10/13/1999 11:20:00 AM
From: Mark Madden	Read Replies (1) \| Respond to of 1989

It appears from the price reaction that the disappointment from Intel overshadowed the optimistic report from Seagate. Here are some of the optimistic views: Y2K hasn't been visible yet but in a few months it should turn positive as companies that delayed orders, catch up. In 3 to 5 years all TV's in most countries will have a storage unit on, in or next to it. Seagate's plans are confidential as to not tip off competitors. Seagate is now producing 25% more drives with 27% fewer people. Efficiencies will continue. Tax liabilities make it difficult to return the value of other company ownership to stockholders. Seagate is reviewing methods to return the value over the longer term. (approx. $26/share) Overall, demand is strong in all areas and the December quarter is following the usual patterns (strong). Regards, Mark M.