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

To: BILLYJEANNE who wrote (4063)	11/10/1997 11:28:00 AM
From: Bald Eagle	Read Replies (2) \| Respond to of 7841

<<does anybody have anything good to say about this stock?>> I'm thinking hard, but nothing comes to mind. Just when you think things can't get any worse, guess what? I guess the double whammy of IBM's new drives and Read-Rite's announcement is what's hitting SEG. I think I know how Michael Moorer felt on Saturday night. If I get knocked down much more, I don't know if I can keep on getting up. However, I'm so far down on this one now, I'm in for the duration. Maybe IBM would like to buy Seagate for it's manufacturing capacity? I guess I'm grasping at straws now.

To: BILLYJEANNE who wrote (4063)	11/14/1997 2:06:00 AM
From: Joe Hayes	Respond to of 7841

BillyJeanne, Well I finally got myself on as a subscriber so that I could answer your question. Here are some very good things about Seagate. Seagate while being well known for its disk drives, is virtually, unknown for its diversification. The company also develops software and has a 25% stake in Sandisk, whose flash memory chips will be used by Erickson in its phones. The have recently increased their stake in Dragon Systems from 25% to 35%. Dragon is the leader in Voice Recognition products and is the technology of choice by IBM. I have just recently purchased shares in the company, after waiting for the drop to below 32 for several reasons. As a company that provides Internet hosting services, Media3 uses Seagates drives and software because of its unsurpassed reliability. Seagate puts one of the best warranties on their drives, 5 years, and that speaks volumes to their committment to quality. After 2 years of hosting and billions of hits combined from our customers, we have yet to have a drive failure, We exclusively use the Cheetah drives, since last year(10,000 RPMs /fastest drives available) for electronic commerce and database apllications. Again the quality and reliability is there. Needless to say I have a mild fondness for their products. The company is an industry leader with over 8 billion in revenues and selling at a very low PE compared to other stocks in the tech sector in its price range. There are diversifying with that revenue and if necessary I am sure will make the proper acquisitons when the time comes. When the stock plunged further to its lowest level in 2 years I bought more in the 24.00 range to average down my cost. If it were to drop to below 20 , I would buy in again , averaging even lower. Seagate does not deserve to trade in the low 20 range and expect to see it back at 30 soon. This is an excellent stock for the investor right now and you will be rewared. If you are loking to trade instead I am not so sure this would be the right stock. It will continue to be beat up everytime they mention weak disk drive sales until they become known for other things. Did you see their TV commercials? Keepyour chin up Joe