Seagate Technology - Fundamentals Message Board

STOCKTALK

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 282.87

-0.9%

Dec 9 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ausdauer who wrote (1821)	5/15/2000 10:35:00 AM
From: Sam	Read Replies (1) of 1989

OT---greenmail Aus, "Greenmail" is a term coined and made popular in the early 80s when the general market was much, much lower than today, and so called "value" stocks abounded. People like Ichan and Boone Pickens would take large positions in cash-rich companies, and would then threaten a take-over from entrenched managements that were not, they said, managing the companies for stockholders but for themselves. The managements of these companies would then buy back the block of shares from the "greenmailer" for a large sum of money, usually above the prevailing market value of the company and always well above the price paid by the raider who would then go away and find a new target. Frequently, other shareholders could not sell their shares for the same price that the raider was paid. You can connect the dots for yourself on Icahn buying Seagate stock. Selling Sandisk stock raises some extra cash for Seagate's current management to, shall we politely say, "placate" Mr. Icahn, if that is what he is interested in. Regards, Sam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next