Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 172.26

-2.2%

Dec 31 3:59 PM EST

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To: LK2 who wrote (8536)	8/8/2000 4:38:34 PM
From: Mark Madden	Read Replies (1) of 9256

Salomon Smith Barney has been extremely supportive of the SEG attempt to get stockholder approval for their sale. After evaluating SEC operations at over $40/share, they immediately reversed themselves and said $5/share for SEG operations and all their non-VRTS assets is a good deal for shareholders. They even put out an analysis that justified the low amount based on poor performance of drive stocks. I sincerely hope they have not stooped so low as to lower the value of DD stocks to increase SEG's chances for a positive vote this month. Regards, Mark

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