SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Seagate Technology - Fundamentals
STX 286.22+0.3%Dec 26 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Struggling Investor who wrote (1787)4/23/2000 2:56:00 PM
From: Mark Madden  Read Replies (1) of 1989
 
Trish -

Now I'm paranoid also. The existing BOD and management desperately need a yes vote. If they don't get it they will be out in the street. Us stockholders can not trust them to increase shareholder value any more. We would vote in someone we could trust at the first opportunity. I imagine the institutional investors feel the same but they would prefer some kind of settlement so their money is not tied up long.

I am worried that any cash they raise now is not for the purpose of helping the business, More important to them, they wish to influence the vote. They could have any of many strategies. They may purchase stock from those that would vote "no". Or, sweeten the pot just enough to tip the institutional investors. They may be preparing a war chest to scare hostile offers or they may be planning a large media campaign. I suppose they could even offer a couple million to any potential threatening groups as payment for some minor services or offer them a piece of the pie.

Our only defense is action by the SEC or the lawyers that have filed suit. The SEC will protect against false information but I do not see how they can defend against media blitzes. Our best hope with the lawyers is if they get an injunction against the deal until the shareholders have an opportunity to vote in another Board. The existing Board will not worry about a class action lawsuit because it would take years and they will have billions to pay it off by then. These are just my opinions of course.

Regards,
Mark

Happy Easter everyone!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News