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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (912)	6/7/1999 4:26:00 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 1989

The value of SEG's holdings in SanDisk, Dragon etc. is minor compared to its stake in VRTS - which, at today's closing price, is worth about 3.2 billion dollars. This comes to just around $14 1/2 per share of SEG. Said another way, almost 44% of SEG's value is its holding in VRTS. -Robert

To: Ausdauer who wrote (912)	6/7/1999 5:20:00 PM
From: Sam	Read Replies (1) \| Respond to of 1989

Aus, As far as I know, nothing is "up" between the two companies. Seagate declined to participate in SNDK's last secondary offering, and someone on the SEG thread last year reported that Don Waite (I think DW was the CFO at the time) said that while SEG at one time had been interested in buying SNDK at some point, that was no longer the case. They are simply holding their investment in them. They also have an option sell SNDK's flash chips; that is itemized in one of their SEC filings, but I haven't read about it in a while so can't recall the details. I think SEG's cost is around $6-7/share, so they have a nice profit in it that they would have to pay taxes on it they sell. I doubt if they will sell it anytime very soon, they don't need the cash. Best wishes, Sam