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

To: KevRupert who wrote (1541)	3/30/2000 5:42:00 PM
From: Lynn	Read Replies (2) \| Respond to of 1989

Dear Advalorem: I recognize that _some_ people are disappointed because they truly wanted to have a position in a DD stock and wanted SEG to be it. When I say "some" it is because from what I had been reading over at RB and Yahoo! _before_ the announcement last night made me wonder just how many people even cared about SEG's DD business. > I believe a spinoff of assets to shareholders (other than the "vrts" holdings) would be appropriate. Maybe someone very knowledgeable about high level corporate tax implications can address this. From what I have picked-up in the past, the major problem SEG had was figuring out a way to give us shareholders a piece of the action without also pounding us with taxes (or SEG having to pay mega-taxes). Unless SEG sold back the shares of the other publically traded stocks it holds then those companies spun them off to us??? For people unhappy about being completely severed from SEG's DD business, with whom I must include myself: I am wondering if SEG could sweeten the pot for it's shareholders of record when the market closed yesterday, _before_ the deal was announced by offering these people non-tranferable rights to buy shares of the new Seagate when it IPOs on a 1 current: 1 IPOed shares. Sure, this is not as good as keeping one's foot in SEG's DD business right now, but the way things now stand, it looks as if we shall not have any greater access to the future Seagate [maybe it will revert to the old NASDAQ "SGAT"] IPO than any Tom, Dick, or Harry on the street. I personally do think going private will make it easier for Seagate to get it's act together and reposition itself for the future. It would just be nice if we people right now had preferential treatment for the IPO. Considering how many people just bought SEG for the underlying portfolio, a lot of people right now would not even consider excercising their right to shares via an IPO. Yes, we would have to pay for the IPOed shares, but at a better price than if we had to buy shares on the open market when/after it IPOs--and many of of would have the ability to buy more shares than we would normally get alloted during an IPO When I have time this weekend, I'll try to draft a letter to send to SEG's IR about this. I'll send it snail mail so it does not inadvertently get deleted along with all the outraged complaints they are probably getting. <g> Regards, Lynn