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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (25820)	3/30/2000 9:14:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 69062

Seagate's argument for privatizing works equally well with the airlines. ""Our stock's value was trading at a substantial discount to the value of the assets of the company," said Steve Luczo, chief executive of Seagate (SEG: news, msgs), which owns 33 percent of Veritas. "The board felt it had to address how to unlock that value." The ten largest carriers in the US do over 90 billion in business and generate over $ 5 billion in profits, yet Palms' first day of trading saw its market cap exceed the market cap of all ten airlines together! Many have initiatives to explore the value of going private if they can't find fair value in the stock market..