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

To: MikeM54321 who wrote (1757)	4/15/2000 2:42:00 PM
From: Kevin Linder	Read Replies (2) \| Respond to of 1989

Hi Mike -- I actually like the idea of a VRTS/SEG deal with one change -- not spinning off the drive company. I think that would make a fantastic company that would be a major competitor to IBM and EMC. The reason I find it attractive is how VRTS has positioned itself in the market. They compete against Legato and EMC. EMC is much more expensive and Legato seems to be having major high level management problems. They have restated earnings what -- twice now in 3 months? The software side of such a combination would be impressive -- VRTS; SEG Software; Xiotech; and ZOOX and DRGN (soon to be L&H) would be a very substantial software company. Hardware side you have SEG with dominant positions in the high end and Fibre Channel. Don't forget SNDSK, a dominant player in the flash memory market. Yes, this market right now is valuing VRTS a lot differently than it did a few months ago. Yet, a lot of the newer investors in SEG got into SEG only because of the value of VRTS. Now, most of the complaining seems to be about the low valuation placed on the drive business. I like the fundamentals of this company which is why I am still (slightly) optimistic. I am waiting to see what VRTS reports on the 19th -- it may or may not change peoples opinions of the deal. I do wish us all luck though (we may need it)... Kevin Linder