Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 281.28

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Dec 29 3:59 PM EST

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To: Struggling Investor who wrote (1857)	5/27/2000 12:22:00 PM
From: Mark Madden	Read Replies (1) of 1989

Trish - Good digging! All but $86 million of this $600 million was sold in previous quarters. I don't remember any mention of the sales in conference calls. They could be converting their assets that they plan to give away into capital expenditures that they will purchase with their $2 billion. In other words they can be automating their assembly plants to increase production while they lay off workers. Then they claim the workers are being laid off because they have too much capacity. This looks like a shell game. The short answer is yes. The money is likely going into Silver Lakes. Strange that they didn't worry about taxes on this one. Regards, Mark

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