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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (763)	3/30/2000 11:20:00 AM
From: rfisher	Read Replies (1) \| Respond to of 30051

Zeev, out of QLTI at a stop loss at 49.

To: Zeev Hed who wrote (763)	3/30/2000 11:21:00 AM
From: U.B. Green	Read Replies (1) \| Respond to of 30051

Zeev, QLTI has come down to 48. What is support? Bernie

To: Zeev Hed who wrote (763)	3/30/2000 11:24:00 AM
From: Steve Lee	Respond to of 30051

NASDAQ below 4600. Are you selling?

To: Zeev Hed who wrote (763)	3/30/2000 11:27:00 AM
From: Sam	Read Replies (1) \| Respond to of 30051

Zeev, Have you had any time to take a look at the Seagate deal? Management is trying to do an LBO for the disk drive unit at about $5/share/ or $1.2 billion, a PSR of less than .15 on depressed revenue/earnings! They are using the Veritas stake as a smokescreen to pretend that they are giving stockholders a fair deal. It is incredible. Seagate paid much more for a damaged Conner company 6 years, much much more. It is also a sweet deal Veritas, though it may not make the stock cheap at these prices. I think Seagate is a buy now. Some sort of buyout will happen, and will happen at higher prices than the 66 or 67 dollars that the stock is trading at right. I think this could well be the beginning of another LBO craze, like we had in the 80s, with all of the undervalued companies that are being traded right now. Though AG's continual raising of rates makes it iffy since no one really knows how high they may go. But in some ways the higher rates will make it more attractive, as the prices will be marked down even more, and the debt will be refinanced at lower rates with the economy slows and he relents, and starts lowering rates aggressively. Of course, it is all predicated on the economy not going sour in the meantime. What do you think (if you have time to think about it at all)? Sam