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

To: Robert Douglas who wrote (6071)	10/23/1998 1:59:00 PM
From: William Epstein	Respond to of 7841

Robert Douglas; So am I. I've been a stockholder for 2 years and it looks like I will be for at least, another 2 more. I hope your right. However, I've seen stocks carried at book and even below when they bottom. Sometimes, with very fine companies. Remember when Citicorp bottomed at 9 or IBM at 38? Both were below book at the time. Their bonds were still rated above A by both Moody's and Standard & Poors. Most of the Seagate stock is held by institutions and they're not selling so, the company can't be given away. However, I understand what you mean. No, it doesn't make sense but it doesn't have to either. Remember, I'm just expressing a concern I am not predicting anything, this time! I've run out of predictions for the time being. Let someone else take the heat. PHOTOMAN/William Epstein