Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 296.35

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To: XBrit who wrote (1240)	12/1/1999 11:44:00 AM
From: Robert Douglas	Read Replies (1) of 1989

Re: WDC Bankruptcy is hard to predict because all sorts of agreements can usually be reached with creditors that keep the company on life support long after the vital signs are gone. Usually these arrangements are bitter for the equity holders to swallow. I wouldn't own the stock. This is not a good sign. messages.yahoo.com I suspect that WDC will be around in one form or another for quite some time. You will have to go through several reorganizations where the debt-holders become the equity holders and then they are wiped out. If the debt holders are smart, they would force a liquidation now. IMO.

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