Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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To: Robert Douglas who wrote (1088)	8/17/1999 7:19:00 PM
From: Sam	Read Replies (1) of 1989

Seagate is selling some of their Sandisk shares: exchange2000.com Only 250,000, will leave them with somewhat less than 6 million shares after it is done, and a little less than 20% of the company when SNDK is done with their secondary offering of 2.75 million additional shares. Sandisk should have around $400 million in cash when the secondary is done, or about $13/share cash. A nice warchest to buy wafers and expand their capacity with.

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