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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: La Traguhs who wrote (6153)	4/27/1999 1:40:00 PM
From: Howard S.	Read Replies (1) \| Respond to of 9256

DD's up across the board today. What did I miss?

To: La Traguhs who wrote (6153)	4/27/1999 1:42:00 PM
From: Sam	Respond to of 9256

LT, Thanks for your thoughts. It looks to me like they (HMT) are being priced for bankruptcy right now. Some news from the H&Q conference for those that missed it (from CBS Marketwatch). 1.Veritas CFO lights a fire under SEG while his own company's stock is retreated: Veritas Software (VRTS: news, msgs) sees its $3 billion acquistions of a Seagate software division closing on May 28. The combined company will increase both revenue and earnings at least 50 percent per year, the company's Chief Financial Officer Ken Lonchar told CBS MarketWatch.com. Lonchar added that he has seen "no shift in buying patterns" at businesses due to possible Year 2000 glitches. 2. While Chuck H. is "excited" about his company: Western Digital (WDC: news, msgs) Chief Executive Chuck Haggerty said the company is excited about its growth prospects. He said he expects the company's core business to return to profitability in the second quarter. The company manufactures hard disk drives, selling the vast majority -- more than 90 percent -- of its products to the desktop PC market. Haggerty said he sees cash flow at the break-even point in the first quarter.