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

To: Robert Douglas who wrote (1533)	3/30/2000 2:07:00 PM
From: Yogi - Paul	Respond to of 1989

Robert, Another fascinating day in disk drive land. Couldn't help but notice the recent investment in Gartner Group by Silver Lake-- Who is the head of research for disk drive sector at Gartner? Assuming this complex transaction actually is closed, what does this mean for Seagate's competitive position in the sector? Cash depleted? How does a technology company with no options to award its employees attract and keep skilled management and research talent? Silver Lake/Gartner-- gartner4.gartnerweb.com Silver Lake Investment Mission Statement: slpartners.com Stunned and glad I'm out of it, Paul

To: Robert Douglas who wrote (1533)	3/30/2000 2:18:00 PM
From: Sam	Read Replies (1) \| Respond to of 1989

Robertson Stephens Comments on SEG SAN FRANCISCO--(BUSINESS WIRE)--March 30, 2000--Robertson Stephens Senior Network Storage Analyst Dane Lewis today commented on Seagate Technology (NYSE:SEG - news) and the recently announced transaction with Veritas Software (NASDAQNM:VRTS). Seagate Technology designs, manufactures and markets a broad line of rigid magnetic disk drives for use in computer systems and multimedia applications, such as digital video and video-on-demand. ``Seagate, Veritas and an investor group are involved in a $20 billion transaction that will result in Seagate going private,' said Lewis. ``Based on Veritas' closing price of $158 in aftermarket trading, Seagate shareholders would receive approximately $74 in VRTS stock and $5 in cash or value of about $79. This is a 26 percent premium over the $62-3/4 closing price of SEG shares.' ``The new Seagate will keep the disk drive business as well as the IMG software and XIOtech divisions,' said Lewis. ``Also, the new Seagate's balance sheet will benefit from the removal of $2 billion in deferred taxes and debt.' ``We are maintaining our Buy rating on Seagate and our fiscal 2000 and 2001 earnings-per-share estimates,' said Lewis.