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Technology Stocks : Seagate Technology
STX 285.27+0.9%Dec 24 4:00 PM EST
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To: Smilodon who wrote (5180)7/8/1998 10:46:00 AM
From: Cindy Bignipples  Read Replies (9) of 7841
 
Segate Software will go for $8-12 a share. Seagate software will be spun off in late 1998. It will probably be a hit with the IPO marketeers and climb from day one. We think it's worth $12-15 a share as is. I should know, since I work at one of the underwriter's sub-contractors' offices here in Virginia.

I can't (obviously) tell you who the underwriter is for the deal, but you would have to be a moron not to know who does the lion's share of Seagate's investment banking business.

Also, look for a nice quarterly announcement on the 14th of July. It will heavily promote Seagate Software as a rapidly-growing, very lucrative business. They have been shopping this jewel for a half a year in the investment banking circles and finally have a deal the shareholders will love.

Seagate Software by itself is worth almost 50% as much in the open market as Wall Street is valuing the whole company for right now.

PS - you will love the Q number. Well above whisper, I hear.
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