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

To: ARTHUR A GRUBB who wrote (4007)	11/4/1997 1:15:00 PM
From: Sam	Read Replies (1) \| Respond to of 7841

They said back in July that they were not going to hedge again for the foreseeable future. As far as I know, they have not reversed that position. They also said that after this quarter, the benefits of the revaluation would exceed the writeoff. This is the wild card in their earnings going forward. No one, I am guessing, knows quite how to evaluate that. They are the largest employer in Thailand after the Thai government, so the benefits should be substantial. But just how substantial, I have no idea.