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Technology Stocks : Seagate Technology - Fundamentals
STX 287.64-6.6%Dec 12 9:30 AM EST
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To: tom pope who wrote (1031)7/19/1999 8:26:00 AM
From: Sam  Read Replies (3) of 1989
 
Frankly, Cramer's "mystery man" is mildly absurd. First, Seagate owns more than 6 million shares of Sandisk, not 6 million, second they own 38% of Dragon (which is nearly impossible to evaluate in terms of price), not 18%, and third, Seagate already has both plenty of cash to buy back shares and the authorization to do it, so why should they limit their upside in Veritas by issuing convertibles? Unless, of course, they believe that its current valuation is so high that the convert's strike won't be reach for a long long time.
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