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Technology Stocks : Quantum Disk Drives (HDD)

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To: Mark Adams who started this subject	10/4/2000 3:16:17 PM
From: Raptech	Read Replies (1) of 179

From Prudential Securities today FWIW: MAXTOR (MXTR-$9 _-ACUM-$9 TARGET) QUANTUM-HARD DISK DRIVE (HDD-$9 9/16-ACUM-$12 TARGET) WESTERN DIGITAL (WDC-$5 9/16-ACUM-$7 TARGET) * THIS MORNING MAXTOR AND HDD ANNOUNCED A DEFINITIVE AGREEMENT TO COMBINE THE TWO COMPANIES IN AN ALL-STOCK TRANSACTION WORTH ROUGHLY $2.3 BILLION. HDD SHAREHOLDERS WILL RECEIVE 1.52 SHARES OF MXTR FOR EACH SHARE OF HDD COMMON. * WE DISCUSSED LAST WEEK THAT CONSOLIDATION WITHIN THE SECTOR WAS POSSIBLE, BUT DID NOT SEE IT OCCURRING THIS SOON. THE COMBINED ENTITY, GROUPING THE NUMBER TWO AND NUMBER THREE PLAYERS IN THE SECTOR, WILL FORM THE NUMBER ONE DRIVE MAKER ON THE PLANET. WE ANTICIPATE THAT THE NEW COMPANY WILL HAVE GREATER CONTROL OVER PRICING WITHIN THE MARKET. * MAXTOR MANAGEMENT, WHICH WE BELIEVE TO BE THE STRONGER OF THE TWO, WILL ASSUME CONTROL OF THE JOINT COMPANY.

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