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


To: Robert Douglas who wrote (1486)3/29/2000 7:19:00 PM
From: MikeM54321  Read Replies (1) | Respond to of 1989
 
Robert- Well if there are enough shareholders who are not, "in on the deal," as apparently SEG officers are, then we can all vote, "No." But one wonders what kind of grease is being laid on the institutional shareholders as we speak.

And there is the law regarding fiduciary duties. It can't be blatantantly broken and flaunted. I still find it hard to believe SEG management expects no lawsuits, or an SEC(?) investigation if the real offer is only about $77.50/share. That's a pretty blatant failure of responsibility. -MikeM(From Florida)



To: Robert Douglas who wrote (1486)3/29/2000 7:24:00 PM
From: KevRupert  Respond to of 1989
 
Robert, your thoughts are right on the money. I saw Kevin Landis, seg shareholder, on cnbc about 45 minutes ago. He said he was reviewing the offer.

A lawsuit against "seg" management is in the future. They are not representing "seg" shareholders. This is a conflict of interest to not receive maximum shareholder value. Management needs to unlock shareholder value, not give it up. A lawsuit based upon "seg" selling total assets at far less than fair market value has legs. Silver lake states its great, for "coms" & "vrts" because it avoids double taxation for shareholders (corporate/shareholder). I'll take my chances with receiving fair value & paying taxes, as opposed to armed robbery.

I'm shocked. Sorry for my ranting, but I am speechless.



To: Robert Douglas who wrote (1486)3/29/2000 8:22:00 PM
From: Starlight  Read Replies (1) | Respond to of 1989
 
Could a Class Action suit be called for?



To: Robert Douglas who wrote (1486)3/29/2000 8:58:00 PM
From: Sam  Read Replies (2) | Respond to of 1989
 
Rob and all,
Don't shareholders get to vote on this?!

Is, e.g., FMR, OK with it? Or other big funds? Surely they will want more.

On the other hand, we are complaining that we are getting an inflated stock in return for our undervalued stock, but one important reason why we believe that our stock is undervalued is because of the inflated stock that we are complaining about.

Get it?