Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JJB who wrote (1847)	5/21/2000 7:04:00 PM
From: Mark Madden	Read Replies (1) \| Respond to of 1989

As I am skimming through the SEG SEC filing (500 pages) a few points caught my eye. First, the Senior Management is not getting screwed with their SEG stock like the rest of the shareholders. Their stock will be converted to securities of the new ownership. They also get jobs, salaries and bonuses as part of the deal. Second, I couldn't find much that showed they shopped SEG operations around. It sounds like Silver Lake made a presentation to Steve Luczo, they had a few meetings and then presented it to the Board of Directors to close. There may be further explanation in the report somewhere. I found only two reason that they needed to take the stock private. They felt the market did not value the stock high enough (Obviously the stockholders did but the non stockholders did not) and that they were having difficulty finding good employees because good employees were taking jobs with other companies offering stock options. I fail to see how taking the company private solves either of these problems. Regards, Mark