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

To: Stitch who wrote (6769)	2/3/1999 4:26:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

Disk drives in the driver's seat? By Jim Davis Staff Writer, CNET NEWS.COM February 3, 1999, 11:40 a.m. PT The disk drive industry could be poised to reap revenue growth rates of more than 20 percent in 1999 after a precipitous drop last year, a top analyst predicts. Last year, revenues for computer hard drive makers dropped by almost $2 billion in aggregate, said Paul Fox, a data storage industry analyst with NationsBanc Montgomery Securities at the company's annual Technology Week conference. Things are looking up for the storage sector in 1999, though. Fox is forecasting unit growth of 25 percent to 174 million units and revenue growth of 21 percent to $30.3 billion. The boost in revenues will come in part from technology changes outpacing price cutting measures. Improved recording heads, along with faster drives and continuing increases in storage capacity will help industry players such as Seagate Technology overcome price cuts on older, lower margin products. news.com