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

To: Ted The Technician who wrote (7343)	11/6/1999 2:13:00 AM
From: SidStock	Read Replies (1) \| Respond to of 7841

I think you need to break out both the DD side of SEG, and all its investments. VRTS seems to be one of the bright spots in the server industry.. its mentioned usualy along with EMC, and this company is 35% owned by SEG. I realize SEG cannot just liquidate all its VRTS, but management has been able to sell it under its restrictions, to raise cash and then buy back its own stock. The last sale i remember was 10M shares, if the next one is another 10M, and the price holds, thats over $1B in cash. I expect they will announce another 10% buy back of its stock. The last two programs took the shares from 250M to around 200M. In fact i hope the stock stays down for a while, cause they will be even stronger when this market turns around. There also seems to me that a demand should come in this market.... with new consumer products... replay tv now, home jukeboxes/cd players that contain DD. More stuff available on the web, means not faster cpu's but bigger storage to contain all this information. At the consumer side of the web, you have fatter pipes... leading to 50x more data... sure a lot will go to the monitor, but im also sure a lot of this data will still be stored locally, especially music and video... leading to larger home needs of memory. I just dont see how you can go wrong buying this and holding for a few years... but only time will tell. Sid