Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 285.27

+0.9%

Dec 24 9:30 AM EST

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To: Robert Douglas who wrote (1950)	11/21/2000 6:51:35 PM
From: Sam	Read Replies (2) of 1989

Rob, I share your feelings. I was pretty surprised to see that 2% number as well. I haven't checked to see how much cash/stock we should receive. I probably should have sold all of my remaining stock a few weeks ago when it was in the 60s or 70s, but I had to hang onto a few hundred shares. Lovely downdraft today--think it has to do with indexers selling either their Seagate or their Veritas--Veritas's market cap won't change, or actually it will go down slightly from fewer shares outstanding (it has gone down a LOT from price depreciation!), so indexers have to get rid their duplicate stock. If you believe that Veritas is worth $40 billion, it is a buy. It is probably one of the few truly high cap stocks left these days. For the moment, anyway. Best wishes, Sam

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