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

To: Certafied who wrote (4027)	11/8/1997 12:50:00 AM
From: Certafied	Read Replies (3) \| Respond to of 7841

Look at the results at the end of the day (11/7/97) below. Is there a reason that SEG should be (i) trading at a multiple above the average historic for the DD industry in the mid-teens, and (ii) trading at multiples far in excess of WDC and QNTM. Considering the price competition and expected fall in QNTM's earnings projections (factors causing this are not fully known) will SEG and WDC follow this pattern? Why shouldn't SEG fall to a PE of ~15 resulting in a price of ~$17? Has the market over-reacted to WDC and QNTM? Is the market artifically over-valuing SEG? 11/7/97 SEG - SEAGATE TECHNOLOGY Exchange: NYSE comp Delay: at least 20 minutes Last Price: 26 1/4 at 16:05 Change: Down 1 9/16 (-5.62%) High: 27 1/4 at 9:23 Low: 26 at 14:41 Open: 27 1/4 Previous Close: 27 13/16 on 11/6 Volume: 2,853,200 30-Day Avg. Volume: 2,886,000 Shares Outstanding: 244,548,000 52-Week High: 56 1/4 52-Week Low: 25.12 Beta: 1.67 Yield: Nil P/E Ratio: 22.6 EPS: 1.16 WDC - WESTERN DIGITAL Exchange: NYSE comp Delay: at least 20 minutes Last Price: 23 5/8 at 16:12 Change: Down 6 5/8 (-21.90%) High: 26 1/4 Low: 23 at 10:03 Open: 24 Previous Close: 30 1/4 on 11/6 Volume: 9,387,400 30-Day Avg. Volume: 2,491,000 Shares Outstanding: 87,173,000 52-Week High: 54 3/4 52-Week Low: 25 3/4 Beta: 0.55 Yield: Nil P/E Ratio: 7.5 EPS: 3.17 QNTM - QUANTUM CORP Exchange: NASDAQ Delay: at least 15 minutes Last Price: 30 3/16 at 16:02 Change: Down 5 3/8 (-15.11%) High: 33 1/4 Low: 30 at 15:45 Open: 32 Previous Close: 35 9/16 on 11/6 Volume: 15,535,600 30-Day Avg. Volume: 3,787,000 Shares Outstanding: 132,227,000 52-Week High: 43 1/4 52-Week Low: 11.12 Beta: 2.11 Yield: Nil P/E Ratio: 11.9 EPS: 2.54