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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Rich Uncle who wrote (17541)	3/11/1998 8:28:00 PM
From: Proud_Infidel	Respond to of 70976

I am passing this on to all those who still say computer sales are weak: From thestreet.com Top Stories: Seagate Tries to Turn the Corner By Eric Moskowitz Staff Reporter 3/10/98 7:20 PM ET Don't look now, but there are signs that Seagate Technology (SEG:NYSE) may be getting healthy again. No, not in time to report a strong March quarter. But, according to sources, the company's new multi-gig hard drives named Barracuda, are selling like, well, disk drives. "We believe the period of rapid market share erosion has come to an end." -- Patrick Tenney "I've been hearing that there has been so much demand for Barracuda drives from corporate buyers such as Sun Microsystems [SUNW:Nasdaq] and EMC [EMC:NYSE] that Seagate doesn't have enough of them to ship," says David Takata, an analyst with Gruntal. (Gruntal didn't participate in Seagate's public offering.) But even more promising than the analyst's view is the word of mouth coming from the corporate level. I am not making a case for an excellent qtr for hardware makers, but I will say things do not look nearly so bad as many on this thread make them out to be. DELL has given guidance which contradicts what many others in the industry are currently saying, so I am not going out on a limb here to proclaim the worst is over by any stretch. I do however, want to present an article which highlights the fact that amidst all of the gloom & doom scenarios, cos. are still spending on infrastructure. IMO there are, at present, many on this thread who only present one side of the case for a weak tech sector. regards, Brian