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

To: Robert Douglas who wrote (1140)	9/21/1999 12:54:00 PM
From: Mark Madden	Read Replies (1) \| Respond to of 1989

Robert, Thank you for keeping up with the Seagate holdings. With the value of the disk drive business so low, we have much more potential on the upside than we have on the downside. I can't help but think the Seagate Board also sees this and considers strange mechanisms to capitalize. For example if they sold their holdings and bought their stock, they would almost own the whole company. A leveraged buy-out would be pretty easy for them finance. Or, wouldn't it be nice if they sold their holdings and gave us all a $30 one time dividend. If they do not do something to reduce their holdings or increase the value of the disk drive business. They will remain an easy target to be bought out. Mark M.

To: Robert Douglas who wrote (1140)	9/21/1999 6:31:00 PM
From: tom pope	Read Replies (1) \| Respond to of 1989

Robert, how does SEG carry the investment in ZOOX and SNDK on its balance sheet? In "Other Assets" July 2, July 3, 1999 1998 ------- ------- Assets Cash and cash equivalents...................................... $ 396 $ 666 Short-term investments......................................... 1,227 1,161 Accounts receivable, net....................................... 872 799 Inventories.................................................... 451 508 Deferred income taxes.......................................... 252 243 Other current assets........................................... 114 238 ------ ------ Total Current Assets......................................... 3,312 3,615 ------ ------ Property, equipment and leasehold improvements, net............ 1,687 1,669 Investment in VERITAS Software, net............................ 1,745 -- Goodwill and other intangibles, net............................ 144 169 Other assets................................................... 184 192 ------ ------ Total Assets................................................. $7,072 $5,645