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

To: Mark Madden who wrote (1598)	3/31/2000 11:30:00 PM
From: Sarmad Y. Hermiz	Respond to of 1989

>> If the stockholders approve this deal, then it will appear the BOD and management did the correct action. << Mark, Since SEG is at an all time high, there may be enough investors who feel that doubling their money in a few months is good enough. The reason many of us feel this is a bad offer is that we are intensely involved with studying the DD industry. My guess is most casual investors see the deal as a premium to to an all-time-high price, and they will not feel cheated by it, since the Veritas price hides the give-away of the DD operation. By coincidence, I sold all my SEG shares the day before the offer, and bought HDD, MXTR and WDC with the proceeds. Mainly, because I didn't want to take the risk of Veritas returning to its "correct" value, which may be much lower than it is now. Regards, -Sarmad P.S. I think the price report will show a bit of price erosion last week. Mostly in the 20GB category.

To: Mark Madden who wrote (1598)	4/1/2000 6:09:00 PM
From: MikeM54321	Read Replies (3) \| Respond to of 1989

"The managers of institutional accounts must be very skilled at valuations." Mark- What does their skill have to do with it? What I believe a lot of us are thinking is that SEG is cutting a deal with the institutions that individual shareholders will not get a piece of. For instance, like I said a few times upstream, I'm guessing it has to do with the favoritism SEG will show the institutions during the next IPO of Seagate. As you know, individual shareholders have gotten shafted many times in other deals. This one is no different. Those weird deals go through because institutions control the vote. And I'm certain they are offered some things individual shareholders are not. And sadly, I don't think there is any law against this. So my answer is, I'm sorry to say, is Yes. You are letting optimism get the best of you. Hope I'm wrong. -MikeM(From Florida)