Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 140.22

-8.9%

3:59 PM EST

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To: Z Analyzer who wrote (7203)	10/8/1999 5:25:00 PM
From: Sam	Read Replies (1) of 9256

FWIW, I agree with Z on this one, Robert. The combined stocks are trading at around 14 right now. My guess is that, after news like this (or I should say, innuendo like this), the untracked stock would be in single digits, given how out of favor disk drive stocks are. Seagate's drive business is practically free right now, if you don't discount their equity holdings for taxes or for the fact that the reality is that they wouldn't be able to actually sell their VRTS stake for current market value (witness the trouble they are having selling their PEPs Sandisk Trust right now; the Taiwan earthquake did them in for awhile). HDD is selling for close to cash value now, at least if they didn't burn too much cash last quarter. If they hadn't unbundled the stock, I don't think it would be all that much higher. At least it's a positive number now! I sure hope that they still have some of their $200 million left to buy back stock, both stocks. Now is the time for them to buy. And I also hope that those blocks of 200,000 and 300,000 that crossed a few weeks ago between 17 1/2 and 18 1/2 weren't bought by them.

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