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Technology Stocks : Storage Technology- STK

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To: gmccon who wrote (496)	4/22/1999 10:05:00 PM
From: m33806	Read Replies (1) of 560

Very interesting post on Yahoo. RUMORS from Mountains: by: REGGIEE44 724 of 724Late pm, interesting words from the mile-high Louisville; STK making two MAJOR moves, 1) Selling off Berg product line to IBM for $780Mil (1.3 x premium over the $600mil. received in '98 Berg revenues). IBM's Shark not ready-for-prime-time in MVS/Unix EMC wars, STK realizes they can NOT sell needed Volume to sustain Berg. IBM Wins - STK Wins!! The second move is the cream, EMC buys STK and its tape products for $45/share (3 x annual tape revenue of $1.5Mil. - CHEAP!!) Clarion goes home once and for all. EMC finally gets their hands on premium MVS/Unix tape line and install base, with minimal dilution, and instant bottom line margins at 45+%. EMC Wins - STK Wins!! It seams too logical and simple but the bottom line is STK's looking seriously at immediate shareholder value. No Anti-Trust - No Mess. Make it happen Dave, or you WILL be packing those favorate pictures.

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