Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 286.22

+0.3%

Dec 26 9:30 AM EST

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To: MikeM54321 who wrote (1478)	3/29/2000 6:16:00 PM
From: MikeM54321	Read Replies (1) of 1989

"Founded in 1969, Paradyne was purchased by AT&T in 1989 and sold to Texas Pacific Group in August 1996. A publicly traded company since 1999, today Paradyne is known for its award-winning Hotwire© DSL and FrameSaver© Service Level Management systems." Thread- Well that didn't take me long. But they left out the part above where the, "Texas Pacific Group," made hundreds of millions($$) when Paradyne was re-IPO'ed in 1999. After the DSL market turned around. Sounds like a similar stunt is planned with Seagate. But the BIG difference being, I don't believe any AT&T(Lucent) officers were in on the Paradyne public-->private-->public scheme. So SEG shareholders lose ownership in a real company who is the leader in it's field, for only about it's current market cap. But thrown in are shares in an Internut valued company. Hmmm....I don't know about this? All in all, at first glance, I don't like it. Does anyone else have another view? -MikeM(From Florida)

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