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

To: secrus2 who wrote (6922)	2/24/1999 9:35:00 AM
From: William Epstein	Read Replies (2) \| Respond to of 7841

Valerie Evdokimov; Maybe, but this is one report from one company. SEG has said so far, they are doing very well. With SEG only the earnings will tell because they never make earnings projections. Also the sale of their software division to Veritas will outweigh all their earnings this year. About $3-4 added to book value. Reduction of debt and the addition of positive earnings will also be added to their book value. The buy back of their stock of maybe, 10-12 million shares added to last year's buy back of 15 million shares. With a book value of $12 at the moment, This is possibly 33-40% increase in book value. Not small for 1 yr. It should cause a revaluation of their stock's price. This year, they seem to be concentrating on improving the basic value of the company and improving their timing to market. They have the leading technology already. I guessing but what I see is that they are laying a foundation for improving future earnings and margins. This company should grow stronger every year. 3 years out you won't recognize this stock. They are not stupid to be buying in their own stock. They can see what's coming. They will make an enormous profit and they don't have to work for it. PHOTOMAN