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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 157.75

+1.5%

3:59 PM EST

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To: Gottfried who wrote (5648)	2/18/1999 3:51:00 PM
From: Mark Oliver	Read Replies (1) of 9256

09:51 ET Komag (KMAG) 7 1/8 +1/2 (+8%): Hambrecht & Quist upgrades shares of disk drive components maker from "hold" to "buy" after company agreed to acquire Western Digital's (WDC) disk media business for $80 million in Komag common stock.. So, here's a price tag of $80 million. If Komag were simply buying a production facility and whatever IP was involved, what would it be worth? I guess it all comes down to the basic question of whether they are buying a valuable business, or buying WD's media purchases? Stitch, you had recently talked about WD holding back on pink slips. Were these workers perhaps media related? That would have been tricky to let them go on Komag's payroll and then any employee cuts would be merger related. Any thoughts on when Komag does a secondary stock offer with the help of H&Q? Regards, Mark

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