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

To: ddt99 who wrote (6873)	2/17/1999 11:02:00 AM
From: Platter	Respond to of 7841

SCOTTS VALLEY, Calif., Feb 16 (Reuters) - Disk drive maker Seagate Technology Inc. <SEG.N>) said Tuesday its board of directors has approved a $500 million increase to its existing stock repurchase program. This represents an increase to the existing $600 million stock repurchase program approved by the board in June 1997. As of Feb. 15, Seagate had repurchased nearly 15.3 million shares of its common stock for an aggregate consideration of nearly $514 million under the existing authorization, including over 12 million shares purchased during its current fiscal year, for a total consideration of nearly $426 million. ((New York Equities Desk 212-859-1700)) REUTERS * end of story *