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

To: Pawan Lingras who wrote (1076)	8/11/1999 9:33:00 AM
From: Yogi - Paul	Read Replies (2) \| Respond to of 1989

Pawan, Seagate booked a one-time gain resulting from it's investment in Veritas. Relevant release: biz.yahoo.com Relevant paragraph: <<On May 28, 1999, the Company contributed its NSMG business and related assets and liabilities to a newly formed company combining this business with that of Veritas Software Corporation in exchange for approximately 69.1 million shares, adjusted for the recent two-for-one stock split, or forty-two percent (42%) of the new Company. As a result of this transaction, the Company received shares having a then market value of $3.05 billion and recorded a pre-tax gain of $1.67 billion, net of certain related one-time charges of $136 million. >> Paul