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

To: Lynn who wrote (7397)	4/12/2000 1:28:00 AM
From: SidStock	Read Replies (1) \| Respond to of 7841

Quiet thread considering the VRTS announcement!!?? I think the whole sale to VRTS is bad for SEG shareholders... and we are being ripped off. What i see is that we get 5 bucks a share plus the VRTS stock they own. To me SEG minus VRTS is worth a lot more than 5 bucks!!! I dont see how they come up with that value. $5/share is only $1B for everything else? The DD business, the new storage servers, SNDK holdings, ZOOX holdings, $1B in cash?? Huh??? 10M shares of SNDK they own is worth $1B? Why dont we get that? How about the other 1B or so in cash? The DD biz is turning around, MXTR cap is 1.4B, SEG is much stronger then MXTR, how do they justify $1B for all of SEG? The partners/management taking it private are the ones making a killing!! I was expecting the stock to go to 100-150/share continuing on their current course of selling holdings like vrts and buying back their SEG stock. Instead we get 50 maybe 75 if we are lucky? I say we are getting screwed! This is a crappy way to unlock the VRTS stock.. by basically valuating the rest of the company at almost 0. Sid