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

To: grogger who wrote (6892)	2/19/1999 7:39:00 PM
From: EyeDrMike	Respond to of 7841

George Soros Buys IBM, Philip Morris, Wal-Mart Stakes, WSJ Says New York, Feb. 19 (Bloomberg) -- George Soros's Soros Fund Management bought stakes in International Business Machines Corp., Philip Morris Cos. and Wal-Mart Stores Inc. in the fourth- quarter, while PepsiCo Inc. was the firm's top new purchase by market value in the quarter, the Wall Street Journal said, citing Federal Filings. Soros Fund Management owned 4.9 million shares of Pepsi with a market value of $203 million, 2.6 million shares of Philip Morris and 1 million shares of IBM. Southern New England Telecommunications Corp., acquired by SBC Communications Inc. in October, was the top company sold by Soros in market value in the fourth quarter, while the financier acquired stakes in Sun Microsystems Inc., Ford Motor Co., Oracle Corp., Seagate Technology Inc., Tricon Global Restaurants Inc. and Novell Inc., according to Federal Filings, the Journal said. In the third quarter, the value of Soros's U.S. stock holdings fell by more than half to $3.9 billion on Sept. 30 from $8 billion on June 30, according to filings with the U.S. Securities and Exchange Commission. (WSJ 2/19 B5 wsj.com) 06:33:07 02/19/1999

To: grogger who wrote (6892)	2/20/1999 1:55:00 AM
From: William Epstein	Read Replies (1) \| Respond to of 7841

Rob Grogg; We are not being faked out. That remark was about where the specialist has determined that the current bottom should be and when. I was being faked out trying to guess it. Taken as a group they are cunning, as they should be. "Poor performance" was a sarcastic remark referring to the specialist also. If you want reassurance I can refer you to numerous posts of my own predicting a price of 55-60 this year and 72 by next. SEG will do well over the next several years barring the unforeseen. It has a fine management team, expanding market for it products, industry dominance, improving profitability and is over capitalized at the moment which give its management tremendous flexibility. In addition my chart shows me that SEG tends to move in 6 year, long cycles from a major bottom to a major top. We hit a major bottom Sept. 1 1998. So, we have a long ride ahead. I'm still trying to guess, wheather or not, we have made a bottom and passed it or SEG will sink lower next week. One bit of encouragement was today's market. Talk to you again next week. PHOTOMAN