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

To: Z Analyzer who wrote (1588)	3/31/2000 3:59:00 PM
From: Z Analyzer	Respond to of 1989

Veritras's weakness is puzzling since the dumping of shares by SEG holders would still be a ways off. Adding to the S&P and SEG trying to give them $3 bil shouldn't be hurting the stock this badly.

To: Z Analyzer who wrote (1588)	3/31/2000 4:16:00 PM
From: Sam	Respond to of 1989

Apparently there was a rumor that Veritas would NOT be in the S&P 500. Selling happened in reaction to it, I guess, since the same people who would listen to such rumors would also probably front run the index buyers for a quick buck. Only this time they got hit for a quick loss. The rumor that Veritas would be added has been around for weeks and weeks now, so I would guess that a lot of front running speculators had already bought the stock before the deal was announced. Closed a little above 60. The story gets curiouser and curiouser. I still think that the deal will get modified at some point. Sweetened until it goes through. And Veritas will hold up at the end of the day, if the high PE/high PSR market holds up. My guess, anyway.