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

To: Stitch who wrote (131)	11/12/1998 5:34:00 PM
From: manohar kanuri	Read Replies (1) \| Respond to of 1989

<<The VRTS stake is a red-herring - if I want VRTS I will buy VRTS directly and not use it to rationalize holding SEG. >> I can't agree. I think it was a very wise play and a "red-herring" label seems too harsh. I like the market position that results and think if the two companies can operate to apply market leverage together it will pay large. If I may amplify my red-herring comment. I'm not concerned with whether it was the right thing to do or not, or if it could have been done in a better way. What's done is done, and looking at things as they are, I am not allowing myself to be influenced by the VRTS stake because it has no longer has any bearing on the intrinsic worth of Seagate's (refocused) primary business. On the other hand, if Dragon was a ripened tomato that I had to have for my sauce, I might decide to hold Seagate (despite the additional risks that that entails) because there was/is no other way for me to get at Dragon. OT: What's your fave amongst semi-equips? KLIC was/is mine. But lately, because I'm no engineer and know diddley about when ball-bonders will yield cost-efficiently to flip-chippers, I've tempered my KLIC enthusiasm with forays into PRIA. Now, if only I can find a sector that is deeply counter-cyclical to the semi-equips - that would be quite wonderful. mano

To: Stitch who wrote (131)	11/13/1998 12:56:00 AM
From: Carl R.	Respond to of 1989

Options expirations next week could give you a reentry into the semi stocks. There recent run up has left tons of calls in the money and no puts. As these calls are liquidated the professional option writers will sell stock to keep a neutral position, tending to push the stocks down. Of course if DRAM prices and PC sales remain strong, you may not get that re-entry. Incidently, I am out of VECO for now, having sold too early at 34 1/2, though I did pick up another lot at 32 7/8. I am hoping for another depressive cycle next week. <g> Carl