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To: fiberman who wrote (4583)	1/21/1998 2:43:00 PM
From: kahunabear	Respond to of 7841

Who knows ? Oversold, dead cat bounce, whatever. Its hard to imagine it being the start of something. It seemed like a horrible report with no real hope for 98. I think it will be a long wait before it rallies much. WS

To: fiberman who wrote (4583)	1/21/1998 2:58:00 PM
From: Sam	Read Replies (1) \| Respond to of 7841

Well, first of all, the loss of .75 includes massive restructuring charges. Loss was supposedly .08 without the charges. Second, there has already been massive selling in SEG, QNTM and WDC--no one left to sell, lots of bottom fishers with a 6 month to 2 year horizon, apparently. When there is some actual evidence that supply and demand have come back into some balance, and ASPs stop falling as dramatically as they have, these stocks will ROAR. For now, though, I would expect a few days like this one, but nothing really sustainable, until that evidence comes in.

To: fiberman who wrote (4583)	1/21/1998 4:34:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 7841

<<SEG just announced a terrible quarter with losses of $0.75 vs. $0.33 that the street was expcting, and it is up more than 8%!!!>> Before special charges, loss was only 8 cents.

To: fiberman who wrote (4583)	1/21/1998 8:42:00 PM
From: William L. Vu	Read Replies (2) \| Respond to of 7841

I think the report is actually good. The estimated loss od $.33 does not include the $250M that the company preannounce. So the actual comparision should be (-$.08) and (-$.33). Also, the charge is smaller than the 250$M preannounce. SEG did beat the street this quarter. However in the report it did say that they can not take all of the charge in this quarter. Some charge will be included in next quarter. My question is why they put the charge in next quarter when this quarter they did not use up all of the $250M preannounced? Does this has to do with the severence pay related to the lay-off that can not be included in this quarter ? Any guess is wellcome. V.