Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mozingo who wrote (7281)	5/18/1999 6:23:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

I dont get any errors, try agian Click on the following hyperlink to view this filing: freeedgar.com

To: Mozingo who wrote (7281)	6/4/1999 10:08:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

Seagate Says U4 Disk Drive Sales Beat Quarterly Volume Records Hong Kong, June 4 (Bloomberg) -- Seagate Technology Inc., the No. 1 computer disk drive maker, said its new four-gigabyte disk drive is selling better than any other product made by the company, partly because of its low price. Seagate sells its U4 disk drive at below $90, while analysts say rivals Quantum Corp., the No. 2 disk-drive maker, and Maxtor Corp. sell their disk drives for anywhere between $105 to $130. Seagate can sell its disk drive cheaper because it manufactures most of its own components, said Y.S. Chia, head of Hong Kong and China sales for Seagate. Seagate's disk drive sales in the fourth quarter has beaten previous quarterly records, said Chia, who declined to reveal overall sales for the fourth quarter. Sales so far this quarter for U4 are ''huge, the biggest in Seagate's history,'' he said. Seagate, which will next month report sales for the quarter ending June 30, is expected by analysts to earn 51.1 cents per share, according to IBES International. The firm beat analysts' estimates for each of the past six quarters. Seagate's success comes as competition remains tough among disk drive makers, which must slash prices as personal computer makers look for cheap components to put into computers they are retailing for less than $1000. Industry observers expect the price on similar 4-gigabyte drives to weaken to $80 in the next quarter, Chia said. Quantum this week warned that profit for the quarter ending June 27 will be half of what analysts expect because of steep price declines. Seagate shares traded in the U.S. rose 3.4 percent to $32.50 in Thursday trade. The shares rose 7.4 percent so far this year, compared with a 5.7 percent gain for the benchmark S&P 500 Index.

To: Mozingo who wrote (7281)	6/11/1999 9:19:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

Seagate Fuels Hard Disk Drive Price War in China June 11, 1999 (BEIJING) -- Seagate Technology Inc. of the United States started a new hard disk drive price war in China with the launch of its Barracuda ATA. The Barracuda ATA hard disk drive is said to perform 30 percent better than other products on the market while selling for a similar price. It also has higher shock resistance. According to Y.S. Chia, Seagate's Hong Kong/China sales director, the company plans to use the Barracuda ATA to squeeze mainstream hard disk drives out of the market. He said the new hard drive will pose a serious threat to products from Quantum and Maxtor, which are major competitors. Personal computers undergo a major upgrade every six months in China, and only Seagate, IBM Corp. and Fujitsu Ltd. can produce high-end hard drives, Chia said. He predicted that after the new hard drive enters the Chinese market, the memory capacity of the hard disks of PCs in China will be raised to 20-28GB by the latter half of the year. nikkeibp.asiabiztech.com