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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (141)	3/4/1999 8:13:00 PM
From: DavidCG	Read Replies (2) \| Respond to of 467

Wrong.. IBM does not, will not, ever affect MXTR. Read and learn. This just came off the newswire tonight. It's SEG's comments on IBM/DELL deal. And let's face it, SEG at the high end has more to lose than MXTR ever would. If they see NO impact...that's even a lesser impact (less than zero?) for MXTR. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Seagate sees no Dell impact, stands by fin'l views NEW YORK, March 4 (Reuters) - Seagate Technology Inc. <SEG.N>, a leading maker of computer disk drives, said nothing had changed in its business outlook following Dell Computer Corp.'s <DELL.O> deal to buy computer components from IBM. Phil Montero, a Seagate spokesman, said Dell's agreement -- to buy up to $16 billion in supplies, including storage systems, from IBM <IBM.N> over the next seven years -- was not expected to interupt Seagate's own business supplying Dell. He said Dell, the world's top direct seller of personal computers, remained a key customer of Seagate's enterprise storage systems, but accounted for less than 5 percent of total Seagate revenues of $6.8 billion last year. "For us, nothing is really changing as a result," Montero said of Dell's deal with International Business Machines Inc, which was announced earlier Thursday. "We are not revising any forecasts with analysts," he said. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Also, from the IBM/DELL reuters story: >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Officials <from Dell> also said Dell was not replacing existing suppliers, but instead would use supplies from IBM to produce equipment for expected future growth. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I always love how people pitching their WDC stock (who is losing money and has mega debt) have commentary on a clearly superior MXTR. MXTR supplies drives to 9 out of the 10 major box makers. -DavidCG