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Technology Stocks : Seagate Technology

STX 278.47

+1.0%

Nov 6 4:00 PM EST

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To: go_gatrz who wrote (7483)	9/16/2006 10:29:14 AM
From: techlaw	of 7841

WDC's acquisition of Hitachi's assets seems far more likely. In addition to the WDC positives you state, with: (1) $700M million of cash and no announced plans for its use, (2) options backdating issues soon to be cleaned up, (3) a solid management team in place, (4) and further industry consolidation almost inevitable, WDC is a perfect PIPE target for private equity who could reap a killing by helping finance WDC's acquisition of Hitachi. The analysts would almost certainly view this consolidation as a positive for STX's PPS, at least on a short term basis. We can only hope.....

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