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To: John Carragher who wrote (2901)	3/30/2000 9:05:00 AM
From: Lynn	Respond to of 10934

OT (re: SEG) Dear John: I spent a considerable amount of time last night, staying up WAY past my normal bedtime, going to various stock discussion sites to get a sense of SEG investor sentiment. CNBC Joe is mouthing the little guy investor who has held shares of SEG less than one year and only bought it as a speculative play on SEG's portfolio, didn't care a hoot about the disk drive business--until now: "cnbc (joe) mentioned this morning seg shareholders are being shorted on this buy out. He went over the calculations and it appears the guys taking it public are getting seg very cheap." I did not see the CNBC talk. Assuming he is talking about how "cheap" management is getting the DD business for, it is my opinion that both Joe _and_ the shareholders I see post messages of outrage are making a number of faulty assumptions. Rather than note then discuss each of them here, especially since this is not one of the SEG threads, this is what I would like to ask Joe and the shareholder critics of the deal: Do you have an expensive piece of jewelry? If so and it has not been appraised recently get it appraised. Now try to find _anyone_ willing to give you this price. I maintain we SEG shareholders are getting a good deal, but then my shares go back to when SEG was just a DD maker. Actually, my shares go back to when SEG was SGAT! Translation: I did not buy my shares after first using a calculator and coming up with some hypothetical, dream-world "real" value for SEG shares. People gambled, things have not turned out the way they _dreamed_ they would, and now they scream, "We are being cheated," over the SEG's DD business, in which they had zero interest in before. I am not sympathetic. Hummm... I think I'll go over to SEG's web site and drop IR a thank you message. It could very well be one of the few they receive today! Regards, Lynn