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Technology Stocks : Seagate Technology - Fundamentals
STX 293.72+1.3%9:43 AM EST

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To: Kevin Linder who wrote (1750)4/15/2000 1:34:00 AM
From: Tom Simpson   of 1989
 
<<At least SEG has assets -- even if VRTS takes some time to recover the deal can be put back together later.>>

Actually, I doubt it. Even at today's depressed levels VRTS has a PSR of 49 and a PB of 100. Reminds me of the Road Runner cartoons I so loved as a youth. Wily Coyote charging down the road towards that magic suspended moment 5 yards beyond the edge of the cliff where he finally realizes there is nothing but air under his feet.

Absent the VRTS funny money the only way to remake the LBO deal is with more real cash for SEG real assets and that isn't what these guys are all about.

Best....Tom
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