An Lbo At SeagateGary Weiss
The recent high-tech rout has been horrific--for companies ranging from Internet startups to old-line component makers. Among those dragged down is disk-drive manufacturer Seagate Technology (SEG). Rick Mastain of Delta Capital Management thinks Seagate has fallen so far it can be considered a value stock--Delta's specialty. "Everybody's so fixated on technology these days, but this is an interesting way for a value investor to participate," says Mastain.
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