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Technology Stocks : Seagate Technology
STX 279.35+0.3%Nov 7 4:00 PM EST

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To: SidStock who wrote (7371)1/19/2000 8:39:00 PM
From: Mark Madden  Read Replies (2) of 7841
 
<SEG owns aprox 90M (post 3:2 split) shares of VRTS>

SEG updated the figure to 85M shares of VRTS at their conference call. They also mentioned the SEG shares outstanding are up to 216M from 208M. I think they issued shares of SEG to buy out SEG individuals that owned VRTS stock from the initial VRTS transaction.

This makes the current VRTS worth about(85M X $147.75)/216M = $58.14 per share of SEG.

Regards,
Mark
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