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

To: fifiluver who wrote (4312)	12/10/1997 4:19:00 PM
From: uu	Respond to of 7841

Does anyone think the following news (and possibly any possible negative news) has already been built into the current price of $21-$22/shr, or are we going to see another harsh punishment of the stock?! From briefing.com: Seagate Technology (SEG) 21 3/4 -1/4: disk-drive maker says that over-capacity and lower prices and margins will prompt it to close its manufacturing facility in Clonmel, Ireland, leading to a 1,400 job reduction and a restructuring charge..... Regards, Addi Jamshidi

To: fifiluver who wrote (4312)	12/10/1997 4:40:00 PM
From: stock bull	Read Replies (1) \| Respond to of 7841

Thanks for the update. I didn't see this press release. This shut down must be part of the 100+ million restructuring plan that SEG previously announced. Stock Bull

To: fifiluver who wrote (4312)	12/10/1997 4:49:00 PM
From: MKL	Read Replies (1) \| Respond to of 7841

The Clonmel plant is an DD final assembly plant. It makes sense for Seagate to close this plant, since their "Seagate City" plant in Singapore would have enough capacity. Previouly, Seagate expected it would need more capacity but now with its current problems it needs to eliminate fixed assets. The other plant delay was in Cork County. That was to be a disk manufacturing plant. Seagate delayed the plant when their unit sales plummeted. Don't need the disk if you are going to make less drives. I believe this is a good barometer. When and If Seagate announces that this project would progress then we know Seagate may be turning around or that they are confident that they have completed their transition to MR technology. Happy Investing!