Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 287.49

-3.0%

2:50 PM EST

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To: Mark Madden who wrote (1061)	7/27/1999 11:12:00 AM
From: Robert Douglas	Read Replies (2) of 1989

Why does cash loaded SEG need $0.5 billion? They must be planning a major purchase but it could be their own stock. If they can unload some VRTS shares at these lofty prices and buy back SEG shares, it would be a good move, IMO. It could also serve as a nice war-chest to press the price war in disk drives into next year. Could one assume from this sale that SEG will have losses - operating or not - to offset this gain? I'm guessing that they will. I am always happy to see a company raise cash before they need it. With VRTS stock as high as it is, this was a no-brainer for management. -RD

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