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: Robert Douglas who wrote (1352)	3/1/2000 4:50:00 PM
From: Sam	Read Replies (1) of 1989

RESEARCH ALERT-SG Cowen raises Veritas target NEW YORK, March 1 (Reuters) - SG Cowen said on Wednesday analyst Drew Brosseau raised his price target on Veritas Software Corp. (NasdaqNM:VRTS - news) to $275 from $200. -- Maintained strong buy rating. -- ``The company is off to a strong start in the first quarter. They have a new venture effort -- and have created five new product/marketing divisions aimed at extending growth into new markets.' ---------------------------------- So Veritas' market cap is now up to $52 billion, price is 201 or so. It would be nice if SEG would sell about 10 million shares, then (dare I say it?) buy someone (e.g., Maxtor? Fujitsu's dd unit?) for consolidation purposes in the dd marketplace. Easily affordable if they can get the 10 million shares moved for anywhere close to the current price. If the target wouldn't want cash, they could do it like QNTM has done their buyouts: swap the stock, then buyback however much stock they used. Warning: This is Rank Speculation and wishful thinking only! Sam

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