Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 274.76

-1.9%

3:26 PM EST

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To: street_smart who wrote (1511)	3/30/2000 2:14:00 AM
From: Mark Madden	Read Replies (1) of 1989

I could accept the VTRS stock deal because 40% taxes on 128M shares would leave us only the value of 76.8M shares. With 109M shares to stockholders, VRTS gains and we gain. The SEG part of the deal is the rip off. SEG book value with out the investments is over $17 per share. Other drive companies are typically valued 3 times book. How much would Fujitsu pay for the SEG high end drive technology and production? Plenty! How about their new line of tape drives to one of their competitors? Their software company must be worth something. We shareholders should never agree to give all this away for $5. Perhaps a group will surface that will offer the shareholders a better deal if they are elected to the board. Where are you Al?

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