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Technology Stocks : Quantum Disk Drives (HDD)
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To: Herc who wrote (24)10/15/1999 10:17:00 PM
From: Sam  Read Replies (1) of 179
 
Here is a reasonable summary of the HDD CC, courtesy of SSB, from the Yahoo Seagate thread:
messages.yahoo.com

Herc,
You are right that HDD trades below book. But consider Seagate's position: the value of their VRTS, SNDK and ZOOX holdings have a higher market value than the stock itself. And that doesn't count their cash (about $6.50/share, though that doesn't take out their debt), or their holdings in companies like Headway and Dragon (I think they have some more equity holdings that I'm forgetting right now, but nevermind, you get the idea). I realize that a discount for taxes must be taken, and also the fact is that no one would pay them tomorrow $91 odd dollars for their 60 million shares of VRTS, their largest by far holding, still....
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