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

To: jelrod3 who wrote (4216)	11/20/1997 9:12:00 PM
From: david jung	Respond to of 7841

ZD net: Seagate to shutter development facility zdnet.com David WallStreet Links: 100+ Investment Links WallStreet Links has moved! members.tripod.com

To: jelrod3 who wrote (4216)	11/20/1997 9:23:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 7841

Lehman cuts SEG from $1.24 to $.55 for 1998. 2q = .04, 3q = .15, and 4q = .27

To: jelrod3 who wrote (4216)	11/20/1997 10:30:00 PM
From: stock bull	Respond to of 7841

IMO, the stock can only drop so far. If it gets to low, the company becomes a take over target. If it falls below book value, one can take over the company, sell the assets, and make money. So, in practice, the stock will sink to a point where SEG will use their cash and buy back the company. <ggg> What a mess!!! Stock Bull

To: jelrod3 who wrote (4216)	11/21/1997 10:19:00 AM
From: Vanni Resta	Respond to of 7841

Why are you reporting earnings estimates to us?! Everyone knows they are meaningless!! Happy Investing! Vanni

To: jelrod3 who wrote (4216)	11/21/1997 12:10:00 PM
From: still learning	Read Replies (2) \| Respond to of 7841

I repeat: sometimes stocks do not trade strictly on straight PE basis. E.g. many companies with low earnings in one year, but good prospects in the next. (SEG does not yet meet that criteria but will have some cushion against today's bad news as buffered by assumptions about its future) With an industry leader, they will be given leeway to look ahead. I do not see SEG falling to $7.5 under ANY conditions. If they did I would take out a 2nd mtg to buy as much as possible. More realistically they may either be stuck in a tradig range or, as some have suggested float down to the teens. I still feel they will make hi 20s by Spring, but am feeling much less confident than before. SEG clearly has mgmt/operation problems as well as having made foolish currency/money mgmt decisions to compound matters. That said, all of this is priced or nearly priced into the stock today. Someone mentioned that the turning point is when bad news no longer seems to hammer the stock -- I believe we are starting to see that in SEG. You can call that forming a base if you like.