Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 304.01

+6.9%

Jan 9 9:30 AM EST

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To: MikeM54321 who wrote (1291)	1/10/2000 3:55:00 PM
From: Robert Douglas	Read Replies (1) of 1989

Mike, Gladly. The assumptions I am using have changed a lot so a direct comparison isn't applicable but here is what it shows at present. 85 M. shares of Veritas worth $12.5 Billion. A question on share number as rumor is SEG has unloaded 5 million share recently. I am assuming this is true. SNDK and ZOOX worth $721 million. Remaining Seagate Software worth $250 million. Cash net of debt. $712 million. This number is 3 months old and will depend on buybacks and sales of VRTS. I'm using $4.1 billion of unrealized capital gains taxes to reduce the stock holdings. This is using a 35% tax rate. I'm trying to be quite conservative here. Dragon value is zero. Number of shares outstanding is also an unknown. I am using last Q's 208M number which I'm hoping has come down a lot. The net using these assumptions is that the disk drive business is valued at negative $6 a share. Now you can see why I don't post this much! -Rob

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