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

To: Lynn who wrote (1604)4/1/2000 2:26:00 PM
From: Sam  Read Replies (1) | Respond to of 1989
 
You know, Lynn, if Bob Willens is right, and there is an easy way to structure a tax free deal (and I don't know this since I am not a corporate tax expert), then this whole thing is even more ridiculous than I thought before.

I don't think that that the Mercury News article shows that "it is more than obvious that Steve Luczo was willing to listen to anyone who had a solution to the VRTS problem." It shows how annoyed he was that he was being pestered. I don't blame him for that. But it comes with the territory of being CEO in these circumstances. It doesn't mean that this is the best deal for stockholders, or even close to it.



To: Lynn who wrote (1604)4/1/2000 2:38:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 1989
 
>> Under this scenario, Seagate would still be left with its disc-drive business and other assets while giving its holders the full value of Seagate's interest in Veritas."
<<

Lynn, It seems to me the main purpose of the deal is to transfer the disk operation to the management at 10c on the dollar. I don't think SEG management is interested in any deal that doesn't accomplish that.


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