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

To: John Chen who wrote (5331)	7/31/1998 12:03:00 AM
From: William Epstein	Read Replies (1) \| Respond to of 7841

John Chen; I believe that long term, demand will grow stronger, too. Areas for future growth are in RAID systems which will PC become standard offerings, peripherals, output devices such as laser printers, copier printers, ink jet printers and autos? Imagine if the whole auto industry starts using some kind of HD as a standard offering. Punch in a location and the car takes you there while recieving current traffic reports, already possible. The volume could be tremendous. Telecommunications will demand more memory, for sure. These memory devices may not be HD's as we know them now but memory in machines implies some sort of artifical intelligence (as differentiated from the software, artificial intelligence). People want smart machines at an affordable price. The smarter, the better. This industry won't remain frozen in it current mire, forever. The interesting thing about consumer demand, in our current era, is that no one knows for sure whether it is a response to new innovations that make new things possible or if it is latent and new innovations are the logical outcome. I suspect it is a hodgepodge of both. The electric light, telephone, airplane and auto created their own demand and their own markets while the drug industry thrives on latent demand. However, if none of these things come about, has it ever occured to anyone that lowered volume does not work for the Asians? Their game is to gain market share by pricing, cheap. With thin margins they can only maintain profitability by moving high volume. Lowered volume may benefit the current market leaders by forcing marginal players and newcomers out. In any case those that remain technologically on the cutting edge will sell their products. Good example; Seagate's intro of the Cheetah 10,000 rpm HD was one of their most successful of all time and these are not inexpensive drives. I have a 9 gig. and I paid $1,000 for it. I still feel I got my money's worth. William Epstein