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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 168.90+4.9%Dec 5 9:30 AM EST
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To: Frodo Baxter who wrote (2512)2/22/1998 4:34:00 PM
From: Sam  Read Replies (2) of 9256
 
LK,
"Too much leverage. No benefit to Maxtor. But if forced to speculate how about SEG buying Maxtor? Then SEG can write-off their bleeding desktop ops and Wall St. will raise nary an eyebrow."
That would possibly be brilliant, depending on how real Maxtor is. Would fit like a glove. But one never knows what kind of accounting tricks Hyundai pulled for MXTR to show a profit. "Oh we'll just take that little plant investment off you books for you, my little child."
Of course, SEG's accountants would probably know the tricks, I would guess.
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