Veritas (VRTS) Message Board

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Technology Stocks : Veritas (VRTS)

VRTS 166.56

+0.6%

12:59 PM EST

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To: The ChrisMeister who wrote (213)	10/6/1998 1:08:00 PM
From: The ChrisMeister	Read Replies (1) of 742

I think the huge drop is partly market we're in (sell now, study the news later), and partly due to the share dilution factor. What's gonna happen to those 30+ million shares being manufactured? On the other hand, the precipitous drop means the deal is only a $925 million deal (@28) rather than a $1.6 billion deal (@45+). I know this doesn't make any difference, but it could cause Seagate (and SEG shareholders) to nix the plan. This may be starting to smell like the Tellabs/Ciena deal... I'm really just thinking out loud. Fortunately, I bailed out of my remaining position (25% of original) @54 1/2 - just days before we ran up to 59-60. There was no foresight in this, I just got lucky. Trying to decide now whether to buy back in at these much lower prices. The divergence among the analysts may suggest it'll take a while for the dust to clear, though on the surface this deal looks good for VRTS -- if it'll still go through following this readjustment of the price. ChrisMeister

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