Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 270.10

-2.4%

Dec 1 3:59 PM EST

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To: Kevin Linder who wrote (973)	7/7/1999 2:50:00 PM
From: Robert Douglas	Read Replies (3) of 1989

Kevin, I do like what Luzco has done with the VRTS deal, however it seems to me that what management should be doing is to consider diversification. They have a tremendous amount of cash and a large (especially considering the VRTS stock holding) stock investment portfolio that they can leverage. I think a purchase outside the drive industry would allow them to reestablish some credibility with Wall Street. It has been brought to my attention, by an inactive SI legend, that for Seagate to use their VRTS goldmine that they would need incur taxes of approximately 40% on the sale of the shares. Since I don't believe that management would find this an acceptable source of funds, the usefulness of the Veritas stake in diversifying is limited. Seagate still has a nice cash kitty at their disposal. I hope they are still repurchasing their own shares. It's as good an investment as I can think of. <g> Re: profitless prosperity. Unless this analyst you were reading is very old, I doubt he coined the phrase. It is one of my favorites and is older than I. (41 and counting) -Robert

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