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Technology Stocks : Seagate Technology - Fundamentals
STX 272.27+3.9%Nov 26 3:59 PM EST

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To: Mark Oliver who wrote (961)6/30/1999 2:45:00 PM
From: Robert Douglas  Read Replies (1) of 1989
 
Mark,

Let me amend my last post. I hadn't quoted SNDK for a while and was surprised it had gone up so much. Let me try again.

33 million shares of VRTS worth $14 a SEG share. (Depends on how many shares outstanding)

23% stake in SNDK worth $1.25

IMG part of Seagate Software worth $2-3. This is a Bear Stearns est. from an April 23 report.

Stake in Gadzoox worth $1-2. Also from Bear Stearns.

Stake in Dragon worth $1. Bear Stearns estimate.

Cash. Depending on buybacks, maybe $2.

Total, including cash, $21.25 to $23.25. Doesn't leave much value for disk drive businesses does it?

-Robert
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