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Technology Stocks : Full Disclosure Trading
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To: Gottfried who wrote (6437)7/23/2003 8:49:15 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 13403
 
OT *** re >> WDC has a bid in for Read Rite assets

Gottfried,

There are posts on yahoo read-rite thread saying WD won the bid for read-rite assets @ $87m. If true, in my opinion, it would be extremely positive for wdc. The assets were carried on the books for $220m. WDC can pay $87m from this Q's cash flow, and have some $$ left over.

However, the stock may not react positively in the short run. But I think the deal is very favorable, if the price is $87m.

Sarmad
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