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

To: Gus who wrote (1620)	4/2/2000 10:25:00 AM
From: MikeM54321	Respond to of 1989

Gus- Never before having read the piece you posted, as soon as I started read it, I knew who wrote it. Not that it means much except IMO, Fleckenstein is the most cynical columnist that I follow. I can't imagine the S&P committee knowing about this. I think that's stretching the conspiracy theory a little too far. But I do believe that Veritas knew about it and acted in it's own self-interest, which may be considered, "insider," trading? Veritas knew the deal needed a little pump after it was announced, so did in fact try to time it so one followed the other. I also believe that Luczo just made an inappropriate decision based on extreme pressure by the investor group and board. If this deal is nixed, I really don't think Luczo should go. Before this fiasco, wasn't he being praised in running the only HDD company that could turn a profit in the very worst downturn the industry has ever seen. Albeit, he got lead astray while under a great deal of pressure. But if anyone was in his position, the noise sent his way would be extremely distracting. Add to it, the S&P time pressure to announce a SEG-VRTS deal, the hour before Veritas was supposed to be added to the S&P. Well maybe he screwed up. As was stated in an earlier posting, pre-fiasco, he got a lot of flack from investors, whom he can somewhat ignore, but imagine getting the same pressure from the board who put him in his position. Then toss in the investor group with the magic key...bingo...you make a very bad call. Anyway, just my $.02 -MikeM(From Florida)