Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DJBEINO who wrote (7348)	11/11/1999 10:20:00 PM
From: Ted The Technician	Read Replies (1) \| Respond to of 7841

Seagate might be courted -- Business Week NEW YORK, Nov 11 (Reuters) - Seagate Technology Inc. (NYSE:SEG - news), the largest independent maker of computer disk drives, may be poised to be a takeover target of not just one but two big companies, according to an article in the Nov. 22 issue of Business Week. Acoording to the magazine, one investment professional, who has been accumulating shares, said Japan's Fujitsu has expressed interest in Seagate and is discussing a buy for at least $55 a share. Business Week, said the shareholder believes a move by Fujitsu will trigger and offer from International Business Machines Corp. (NYSE:IBM - news). Vince Carino, president of Brookhaven Capital Management in Palo Alto, Calif. told the magazine that Seagate's cash and marketable securities alone are worth $10.2 billion, or $49 a share. The securities include 60 million shares in Veritas Software (NasdaqNM:VRTS - news), 3.8 million shares in specialty clothes retailer Gadzooks Inc. (NasdaqNM:GADZ - news), and 6.4 million shares in SanDisk. --------------------------- From Yahoo site