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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (17831)	4/8/1999 9:46:00 PM
From: Moonray	Read Replies (1) of 25814

I'll take a stab at it Jock. According to this press release (http://www.seeq.com/LSI_Release.htm) LSI reportedly would pay $100M for SEEQ's yearly $28M sales. At the time of the release LSI was selling for about $27/share. That made each SEEQ share worth about $2.95. It sells today for about $2.75. If the .1095 ratio mentioned in the story were applied to today's LSI $36/share, each SEEQ would be worth $3.94. BUT, LSI is only committed to $100M and that is why the story says ".....based on an exchange ratio of .1095 (subject to adjustment)." Speaking of SEEQ, can someone please explain to me why SEEQ is currently priced the way it is? o~~~ O

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