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

To: Raptech who wrote (5268)	7/17/1998 12:46:00 AM
From: DJBEINO	Respond to of 7841

Seagate considers cutting number of suppliers in Singapore SINGAPORE (AFX-ASIA) - Seagate Technology is considering to cut the number of its suppliers in Singapore to keep its costs down, the Business Times quoted Seagate president William Watkins as saying. Watkins said Seagate is no longer retrenching people after having laid off 1,800 local employees in January. "We've been seeing moderate growth in volume shipments and I think we'll continue to see that," he said. Seagate shipped 6.8 mln disk drives in the quarter to June, down 6.0 pct from a year earlier. Sales of high-end disk drives rose 8.80 pct year-on-year to 856 mln usd in the quarter to June, while sales of low-end disk drives were down 22.0 pct year-on-year to 552 mln usd.