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


To: Stitch who wrote (5348)8/1/1998 9:42:00 AM
From: CPAMarty  Read Replies (1) | Respond to of 7841
 
Don't forget this is a cash rich company, with an acquisition minded new CEO.

Any chance that this cash rich company would want to acquire a head manufacturer with cutting edge GMR technology and a few management problems? <ggg>

This acquisition would leave a competitor of SEG's dependant on other drive makers for its heads.



To: Stitch who wrote (5348)8/1/1998 11:34:00 AM
From: stock bull  Read Replies (1) | Respond to of 7841
 
Stitch, what brought the comment regarding the sale of the dd and tape business to mind is the fact that the new CEO/President came from investment banking. He's the one that worked on the purchase of the s/w company. Why wasn't Shugardt replaced with a guy from the high tech business? If they wanted to stay within the company, wasn't there someone with a technology background that could run the company?

Just seems strange to me that they turned the company over to a "investment banker/business man" at a critical time like this.

JMO

Stock Bull