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Technology Stocks : Seagate Technology

STX 265.55

+3.8%

Nov 3 4:00 PM EST

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To: Dwayne Hines who wrote (7720)	12/2/2010 10:52:07 PM
From: Sam	Read Replies (1) of 7841

Ugh, last time it went private, they gave the stockholders $2.1b. I'm sure that the private equity people who were inquiring wanted the same kind of deal. The only reason they could steal it for that before was because they also had a lot of stock in Veritas that was worth a lot of money, and they pretended that the only way to unlock that value for stockholders was to take the company private at the same time. It was all very disgusting, I don't even want to think about it. I have no idea what anyone would pay today. I don't think it will happen--I doubt if an agreement can be reached between one group that wants to buy on the cheap and the Board and owners/stockholders, the most important of whom is Luczo and he doesn't want to be cheated by a low ball offer. JMHO.

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