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

To: Stitch who wrote (499)	2/4/1999 9:36:00 PM
From: Duker	Respond to of 1989

Seagate Tech Sees 21% Gross Margin In Hardware Ops In FY99 [Haven't seen those margins in hardware for some time!] --Duker Seagate Technology Inc. Dow Jones Newswires -- February 4, 1999 SAN FRANCISCO (Dow Jones)--Seagate Technology Inc. (SEG) said Thursday it expects to report a 21% gross margin and 8.3% operating margin in its hardware business for the fiscal year ending June 30, 1999. During a presentation at NationsBanc Montgomery Securities' technology conference, Seagate's Chief Financial Officer Charles Pope said the company plans to spend less on research and development during the year. "Our objective is to increase revenue, market share and profitability of Seagate's disk drive, tape drive and software business," he said. Seagate manufactures data storage products. - Cecilia Kang; 650-496-1367