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

To: muddphudd who wrote (854)	5/4/1999 10:41:00 AM
From: Duker	Read Replies (1) \| Respond to of 1989

Seagate Tech Boosts Buyback Plan By 25M More Shares SCOTTS VALLEY, Calif. (Dow Jones)--Seagate Technology Inc.'s (SEG) board approved the buyback of an added 25 million common shares. In a press release Tuesday, Seagate said it will buy back the shares in the open market. As of May 3, Seagate repurchased nearly 30 million common shares for $931 million under its previous authorization. At March 31, Seagate had about 243.9 million shares outstanding. The company's New York Stock Exchange-listed shares closed Monday at 29 1/4. Seagate researches, develops and makes disc and tape storage devices, magnetic recording heads and media, precision motors, microelectronics, data access and management software.