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To: William Epstein who wrote (7191)	4/3/1999 2:26:00 PM
From: Donald B. Fuller	Read Replies (1) \| Respond to of 7841

Isn't SEG one of the few completely vertically integrated DD makers? If so, if they are executing, it is possible that companies such as KMAG are hurting precisely because bigger companies such as SEG (and IBM) exist, no? I think that little companies perishing at the hands of bigger companies may be taken out of context and misconstrued as "their industry is declining" when in fact, nothing of the sort is happening. Don