Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gil Kempenich who wrote (4048)	11/9/1997 10:10:00 AM
From: Certafied	Read Replies (1) \| Respond to of 7841

Investor's Business Daily November 10, 1997 Page 11 Disk-drive maker Western Digital, which said earnings in its fiscal second quarter will be well below estimates, plummeted 6 3/4 to 23 7/8. Analysts expected Western Digital to boost earnings in the Dec. 31 quarter by 25% to 86 cents a share. Western said net will fall as low as 20 to 30 cents, citing price competition. The stock has been a clear laggard, peaking at 54 in August before turning sharply lower. Bear Stearns cut its rating to "neutral" from "buy." The broker also lowered its rating on Segate Technology and Quantum Corp. Page 31 Stocks began selling off after Western Digital warned of "higher-than-normal pricing pressures" in the desktop computer market. Quantum, a maker of high-end hard-disk drives, fell 5 3/8 to 30 3/16 on four times normal volume. END IBD How immune is Segate??