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 : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Michael A. Gottesman who wrote (8831)	1/26/2000 12:11:00 PM
From: Artslaw	Respond to of 60323

Here's a short blurb with a mention about SEG's SNDK holding. I particularly enjoyed the italicized part (obviously they mean ZOOX): -- Seagate Technology (NYSE:SEG - news) , the leading disk drive maker, is one of Milleti?s favorite value picks. For one thing, Seagate owns 85 million shares of Veritas Software (NASDAQ:VRTS - news) , which amounts to a $12.8 billion investment, given Veritas? recent share price. What?s more, Seagate owns five million shares of Gadzooks Inc. (NASDAQ:GADZ - news) , the mall-based specialty retailer of casual apparel, and five million shares of SanDisk Corp. (NASDAQ:SNDK - news) , a designer, manufacturer and marketer of flash memory data storage products, that together amount to $545 million in market cap. Seagate also has $6.70 per share in cash. Adding up all the assets, and assuming a 30% discount on its Veritas holding for tax reasons, Miletti values Seagate?s stock above $60. Right now it trades closer to $40, so there?s a 50% upside potential. -- I can't wait for my wearable hard drives. Steve