SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?


To: DJBEINO who wrote (5002)5/17/1998 7:52:00 AM
From: David Jones  Read Replies (1) | Respond to of 7841
 
SINGAPORE, May 17 (Reuters) - The worst is over for the disk
drive industry, Seagate Technology's (NYSE:SEG) chief executive
Alan Shugart said on Sunday.
"I think it has bottomed out. We have seen inventories
really dropped. The competitors all seem to have cut back
capacity to manufacture like we have done," Shugart told
reporters at an informal meeting in Singapore.

biz.yahoo.com