Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 157.11

-5.4%

3:59 PM EST

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To: Toko who wrote (8201)	3/31/2000 11:06:00 AM
From: Sam	Read Replies (1) of 9256

Toko, <<If that takes the $2B down to $1.2B for the effective cost for the operating part of the business, then the P/E for operations goes from 7.7 to sub-5.>> And don't forget that that PE is on depressed earnings that will plausibly get considerably boosted over the next couple of years. Having been a holder of varying amounts of Seagate over the past 10 years or so, I am really pissed. But I guess holding it proves that I am part of the "dumb" money. Customers of theirs like EMC, Sun, Dell to name a few would have been much better holdings. But I am not pissed so much because of that, but because they are still screwing around with a fair portion of what legitimately should have been current stockholders', and squandered several opportunities with Dragon and with Sandisk that could have made the company a spectacular investment like the other three mentioned. It still will be a spectacular investment with proper management, but not for the likes of you and me, it looks like. s.

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