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Technology Stocks : Seagate Technology - Fundamentals
STX 296.36+1.5%Dec 19 9:30 AM EST
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To: Sam who wrote (1251)12/6/1999 10:08:00 AM
From: Robert Douglas  Read Replies (1) of 1989
 
I expect that we will see more acquisitions by Seagate as they try and remake themselves into a broad based storage competitor. They will use their stock as currency to make these transactions. This will be an effective use of their Veritas holding without actually selling it.

The higher they can get their stock price the better this strategy will work. I expect they will keep buying back their shares to effect this strategy. Another reason I'm not selling.

-Rob
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