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

To: Robert Douglas who wrote (1115)	9/1/1999 12:34:00 PM
From: Mark Madden	Read Replies (1) \| Respond to of 1989

All, This article has a link to a Web copy if you do not have a WSJ. biz.yahoo.com It is mostly a SEG sales pitch but it speaks very good of the industry future. Mark M.

To: Robert Douglas who wrote (1115)	9/1/1999 2:05:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 1989

" This is really quite remarkable, but is it smart?" Robert, Well I'm left scratching my head? I didn't get it. I read the three pages in the WSJ and listened to the webcast. It sounded to me like the key point of the webcast was, "This is a very tough business and will remain a tough business." And this right from the CEO's mouth. He even rambled on how he compares his industry to the, "Extreme" sports. Yeah like that is what investors want to hear. <G> _______________ Anyhow, I wanted to ask you about this line out of the annual report. It goes, "Today, the value of our equity investments alone exceeds $4 billion." (IMHO This should have been the only statement that should have been written, in bold, in a tiny ad space, in the WSJ). But my question to you is how come you arrived at a different figure (at least I believe you did) in your post: Message 11078127 I believe the $4 billion statement above is valuing the same assets you were. I understand you included cash and the above does not. But there still appears to be a large difference in valuation of investment assets. Maybe I just read your post wrong, but I thought you were saying SEG's investments were worth about $21/share(26-5=21). Or approximately.....whoops. You hit the nail on the head. You both agree once I took my calculator out(I can't juggle that many zeroes in my head). That was a good valuation on your part and their $4 billion statement verifies you were accurate. Thanks, MikeM(From Florida)