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

To: manohar kanuri who wrote (6203)	11/4/1998 12:31:00 PM
From: William Epstein	Respond to of 7841

Kanuri; The whole thing is suspect, at this point. The absorption of sales by the specialist, in the last 3 weeks, would seem to support your belief that they were being held in inventory for a quick sale at a higher price level. Otherwise, why would he hold onto the stock? Your doubts about Seagate's profits are also correct. Seagate hasn't made a profit it has only reported losses. There are to many disk drives and disk drive manuf. out there too. They just came out with the 17 gig. Medalist, a cheapee, so they are still competing on the lower end. Not something that would raise their margins which they claim is a goal this year. By the way, I never heard of the Medalist line. However, I must add that I know nothing about the economics of the DD industry. PHOTOMAN/William Epstein