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

To: Z Analyzer who wrote (1739)	4/14/2000 11:00:00 AM
From: Starlight	Read Replies (1) \| Respond to of 1989

The SEC has an on-line site where you can register complaints: sec.gov

To: Z Analyzer who wrote (1739)	4/14/2000 11:26:00 AM
From: Mark Madden	Respond to of 1989

I had stock in a company that changed Boards a few years ago. It started with media campaigns and stockholder information about the mismanagement of the company. A group proposed a new board and pre-selected CEO to run the company. They had a plan to increase the value of the company for the stockholders. They solicited stockholder approval and somehow forced a vote of the shareholders. They also offered to buy stock at a price about 40% above the street value from those that did not believe in the deal(much lower capitalization). Us shareholders voted in a special election much like the proxy cards we now vote with. The new group won. The old BOD and CEO were immediately replaced and the new group stared aggressively getting the company moving. Prior to the vote there was a huge media campaign with full page adds in the WSJ. Mud slinging was common. The old Board insisted this new group could never run a company but the change ended up being good for the shareholders. This SEG situation is different because we are dealing with ethically challenged people that only have themselves as support. When they lose the vote in May they might as well resign because it is obvious they won't last long in power. Shareholders will not be able to trust them to take the best actions for the company. I like Sam's idea of bringing back Al or Finnis in some capacity. That would give us all something to rally behind.