Seagate Technology - Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Seagate Technology - Fundamentals

STX 325.62

+1.3%

2:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (1091)	8/18/1999 1:15:00 PM
From: LK2	Read Replies (1) of 1989

It looks like SEG is selling a larger stake in SNDK than the first report indicated, but SEG should still hold a substantial position in SNDK even after the stock sale and the PEPS sale. SEG currently has 6,141,374 shares of SNDK. SEG is selling 250,000 shares of SNDK in a SNDK stock offering, worth roughly $20 million. The face value of the SNDK-PEPS public offering is about $200 million. But what portion of that offering is coming from SEG is not stated. Also, the PEPS structure is not detailed (relationship of a share of SNDK common to one PEPS). No matter how you look at it, SEG should still have a large position in SNDK after the stock offering and the PEPS offering, because SEG holds roughly $550 million worth of SNDK common stock. Regards, Larry PS--The two articles reporting the SNDK stock and PEPS public offerings-- biz.yahoo.com biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next