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

To: Kevin Linder who wrote (1750)	4/15/2000 12:40:00 AM
From: Mark Madden	Respond to of 1989

<even if VRTS takes some time to recover the deal can be put back together later> If the deal does not go through are the SEG BOD and management working for the shareholders again? I don't think so. I'm one shareholder that will do what I can to keep them from getting another chance to put a deal back together.

To: Kevin Linder who wrote (1750)	4/15/2000 1:01:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 1989

>> Who would have thought that CSCO, INTC and so many other good stocks would be trading at the levels they are now? << Certainly not me. I thought they were over-priced at half the level they are now. Though I guess that is not what you mean. Regarding the current level (post the 600 point drop), it would be helpful to know they were trading below this level for their entire history until two months ago. -Sarmad

To: Kevin Linder who wrote (1750)	4/15/2000 1:34:00 AM
From: Tom Simpson	Respond to of 1989

<<At least SEG has assets -- even if VRTS takes some time to recover the deal can be put back together later.>> Actually, I doubt it. Even at today's depressed levels VRTS has a PSR of 49 and a PB of 100. Reminds me of the Road Runner cartoons I so loved as a youth. Wily Coyote charging down the road towards that magic suspended moment 5 yards beyond the edge of the cliff where he finally realizes there is nothing but air under his feet. Absent the VRTS funny money the only way to remake the LBO deal is with more real cash for SEG real assets and that isn't what these guys are all about. Best....Tom

To: Kevin Linder who wrote (1750)	4/15/2000 10:18:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 1989

"At least SEG has assets -- even if VRTS takes some time to recover the deal can be put back together later. Remember the huge run up in VRTS stock over the last year or so -- it could run down just as much -- would anyone give $8-10 bucks and $5 in change for their SEG shares. Regardless of what you think of the Drive industry?...But, the deal is not predicted to go through until the calendar 3rd quarter." Kevin- Understood about SEG having assets part. But I don't follow your VRTS statement. Are you saying if VRTS runs up to a hypothetical $200/sh, you would want the deal to go through? I don't understand your reasoning. The value of SEG would reflect the full value of it's VRTS at $200/share pre-deal holding(or close to it) right before the deal closes. Then let's say the deal closes the next day. Why would you want to do anything to allow the only real business SEG has (the HDD business) be taken out for a steal? It makes no difference what the value of VRTS is. The LBO gang of bandits still STEAL the HDD business. Furthermore, conservative SEG shareholders looking for a value play may create a mass exodus for a tiny door once the VRTS shares are transferred over to them. Aren't you afraid of being caught on the wrong side of that exit door too?...I understand the pre-deal SEG theoretically should reflect the, "heading for the exit door," scenario. But in today's crazy investing environment, I'm guessing a lot of SEG shareholders spend little time figuring out what we discuss here. And one day, Boom! They hold internut shares and may flee. In summary my two points. First, HDD is being stolen no matter what price VRTS is. Second, you are trading internut valuation for conservative(albeit unlocked) valuation. Nothing changes even if VRTS is $200/share. What am I missing? Thanks. MikeM(From Florida)