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

To: Lucinos who wrote (7327)	9/20/1999 9:31:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

We have determined that it is in the best interest of Seagate Software to reorganize its business. Following our recently concluded transaction with VERITAS Software Corporation, Seagate Software's assets consist of the assets of the Information Management Group, or IMG, as well as the shares of VERITAS Common Stock received in the VERITAS transaction. We believe that it is in the best interests of developing our IMG business to separate the IMG assets and the VERITAS stock holdings. We believe that this will better focus the attention of our management and employees on growing the IMG business. We propose to accomplish the reorganization by merging a newly formed, wholly owned subsidiary of Seagate Technology, named Seagate Daylight Merger Corp., with and into Seagate Software. Following the merger, Seagate Software will be a wholly owned subsidiary of Seagate Technology and will retain the shares of VERITAS Common Stock. In the merger, Seagate Software's stockholders and optionees will receive payment in the form of Seagate Technology's common stock in return for their proportionate interest in the entire value of Seagate Software, including the IMG assets and contingent upon the VERITAS stock. All outstanding Seagate Software stock options will be accelerated immediately prior to the merger. ===== SEAGATE TECHNOLOGY INC has filed a Form 424B2 with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com

To: Lucinos who wrote (7327)	10/5/1999 8:38:00 AM
From: DJBEINO	Respond to of 7841

Disk-drive doldrums: With Western Digital's (WDC:NYSE) recent recall of 400,000 hard drives, the PC industry is getting walloped by a disk-drive shortage. The clear benefactors should be Seagate (SEG:NYSE), Quantum (HDD:NYSE) and Maxtor (MXTR:Nasdaq), yet some investors known to this column continue to gravitate toward Seagate -- and not only for reasons outlined here a few months ago. "It's the highest quality company in a lousy industry," says the analyst for one buy-side firm long Seagate. "If you're going to play in a lousy industry, you ought to play with the best guy." (from the street.com)