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

To: DJBEINO who wrote (4568)	1/20/1998 11:47:00 PM
From: Julie	Read Replies (1) \| Respond to of 7841

FYI...from the online WSJ "Seagate Technology Inc. (SEG) also fell in late trading after announcing quarterly results. PT Discount trader Ken Zielmanski said the stock traded at 17, down 2 5/16 from its close of 19 5/16, before trading was halted on the stock." 17!!! Let's see what happens on Wed!

To: DJBEINO who wrote (4568)	1/21/1998 1:51:00 AM
From: Stitch	Respond to of 7841

DJ, <<It was a kind of big-bath quarter, in which the company just dumps the bad news out for all to see in an effort to wipe the slate clean and start anew.>> This isn't the first time Seagate has done this. Did you note they even have us set up for a similar bathing next quarter. I think this is typical of Shugart and Waite. They want to take all the lumps at once and get on to the healing. Makes sense to me. No need to prolong. Those guys are in for the long haul anyway. best, Stitch