Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 279.35

+0.3%

Nov 7 4:00 PM EST

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To: Ausdauer who wrote (7391)	3/7/2000 11:27:00 AM
From: SidStock	Read Replies (1) of 7841

>>Wish I have been buying VRTS every time it was mentioned on this thread for the past year or so. Actually the smart play here is to buy SEG, you are getting VRTS at 1/2 price, plus all the other SEG assets. Eventually this will work itself out and be priced accordingly (you could even short VRTS if you were more agressive). Why? Well another sale of VRTS stock by SEG should do 2 things: 1) drop the price of VRTS 2) increase the price of SEG. Im not sure of the agreement, but based on the last VRTS sale, SEG could sell close to 20M shares to raise 3B in cash (assuming VRTS shares hold their value which i doubt). VRTS float will increase which should cause their stock price to drop with another 10 or 20 million shares to absorb. Then whatever cash is raised will be partially used to re-purchase more SEG shares (increasing SEG price). This should cause both stocks to come into better alignment. In the long run, IMO you will be much better off buying SEG then trying to jump onto VRTS. Sid

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