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

To: Struggling Investor who wrote (1834)	5/16/2000 11:22:00 AM
From: Mark Madden	Respond to of 1989

Trish - I haven't seen any more than anyone else but I think we are only seeing a summary of an agreement that is many pages long. I believe the VRTS management is honorable but they could not refuse such a generous offer. However, to protect themselves, they would need to solidify what SEG can so with their operations and assets. For example, if SEG sold the assets and borrowed money to put $6 billion into their operations, they could leave VRTS with a bunch of debt and walk away with even more value. I wouldn't put it past them unless there is language to limit their actions. These are just my guesses. Regards, Mark

To: Struggling Investor who wrote (1834)	5/16/2000 11:50:00 AM
From: Sam	Respond to of 1989

<<- all cash on the Seagate balance sheet in excess of $800 million of cash working capital and after giving effect to VERITAS retained cash, debt repayment, taxes and other liabilities.>> So does that mean that Veritas gets Seagate's $700million or so of debt? Or does that go with the drive unit? I've always been assuming the latter, but this makes me think the former. If it is the former, then the deal is even more incredible.