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

To: Mark Madden who wrote (1201)	11/16/1999 9:56:00 PM
From: Sam	Read Replies (3) \| Respond to of 1989

Price war? What price war? We're in a "cost war", Seagate says. See messages.yahoo.com, John Dean's summary of Seagate's analyst meeting yesterday. Some amazing stuff. Two things to especially note: <<1. Management was consistent w/prior guidance and noted that demand is very good (that certain products on allocation), that desktop pricing has moderated somewhat, but that enterprise pricing remains aggressive. Seagate management had indicated on its September quarter conference call that it would selectively raise prices and appears to have been enacting that plan where appropriate.>> 2. Seagate has shipped 700,000 drives for WebTV, and apparently someone at SSB (Dean I suppose, since it comes out under his name) believes that it could grow to a 5-10 million drive run rate in the next year. Kind of hard for me to believe that, but it's nice work if you can get it. (NOTE: Point one above was a direct quote though with my bolding for emphasis, point 2 was not.)