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

To: Z Analyzer who wrote (1472)	3/29/2000 10:15:00 AM
From: Mark Madden	Read Replies (1) \| Respond to of 1989

It is interesting that SEG installed their top management in Dragon Systems and they turned the company around. They went from revenues of $71M and earnings of $10M to revenues of $62M and losses of $22M.<g> Seriously, they must have seen something coming that they did not like. Maybe their technology lead was wearing out.

To: Z Analyzer who wrote (1472)	3/29/2000 1:04:00 PM
From: Gus	Respond to of 1989

It seems so obviously too cheap that SEG must know something we don't. Dragon was getting crunched in retail and wanted to move upstream and LHSP was apparently willing to oblige. MSFT already owns 7% of LHSP. This was a $40-45 million investment in 1997 or 1998 that is now worth something like $420 million. Philips, IBM and Lucent all have long-standing speech recognition programs. The deed is done but I still believe that SEG would have been better off buying Dragon and investing more money in it and keeping its options open.