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

To: Arthur Radley who wrote (6705)1/19/1999 1:13:00 AM
From: William Epstein  Respond to of 7841
 
TexasDude;

Thank you for the info. I added the URL to my bookmarks.
PHOTOMAN



To: Arthur Radley who wrote (6705)1/19/1999 8:33:00 AM
From: Jean M. Gauthier  Read Replies (2) | Respond to of 7841
 
Here's an except:

William, you were right, AGAIN... Look at the target ! You predicted $ 72 !

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We are initiating coverage of Seagate Technology, Inc. with a Strong Buy recommendation. Our 12-18 month price target is $75. In the company's latest quarterly report (2Q FY99) Seagate significantly beat earnings estimates of $0.26 by reporting $0.42 earnings per share. Improving industry conditions and better internal operations resulted in an improved gross margin of 23.7%, and is expected to increase in coming quarters.

Congrats William

Take care
Jean



To: Arthur Radley who wrote (6705)1/19/1999 9:51:00 AM
From: Robert Douglas  Read Replies (2) | Respond to of 7841
 
TexasDude,

I read the recommendation on SEG and after holding the stock for almost 8 years now, I had to check to see if they were talking about the same company I own. Although I would love to believe that $72 a share is in the bag, I found this tout egregiously naïve. I bristle when I read this type of “churn em out” stock recommendations.

-Robert


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