Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 172.05

-2.4%

Dec 15 3:59 PM EST

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To: LK2 who wrote (8813)	10/4/2000 5:38:18 PM
From: Sam	Read Replies (1) of 9256

Larry, <<It would be a better deal to pay 0.5 MXTR share for each HDD share.>> Well, let's see. HDD has about 80m shares and about $600m. So you are proposing--presuming that Maxtor has a $9 share price--that it would be a fair deal to HDD for Maxtor to pay about $360m to HDD shareholders in return for $600m in cash and HDD's revenue stream, business contacts, engineering talent, high end business, and MKE relationship? Come on, I know that this is the disk drive business, but isn't that just a little ridiculous? As it is (presuming again a $9 Maxtor price), they ar paying less than $600m for the whole kit and kaboodle minus the cash. A PSR of less than .2. It's a good deal for Maxtor, Larry.

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