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


To: Mark Madden who wrote (1858)5/27/2000 8:32:00 PM
From: Struggling Investor  Read Replies (1) | Respond to of 1989
 
Thanks, Mark; also thank you so very much for your weekly pricing reports (think that was your work, anyway.) They represented a ton of work and were much appreciated.

When I first read about the SNDK sales, I thought that SEG may be planning to use the proceeds to pay off debt. Anyway your look at it, I can't see how it would benefit current SEG stockholders. I've already voted "no" with my feet with 75% of our position, fully intend to vote "no" with the remaining 25%, and for the first time in my life look forward to hearing from a class-action attorney. Evidently, a "merger" (and I use the term very loosely) such as this is dictated by state laws, and there has been plenty of controversy before with Delaware state laws. I sincerely hope this one goes all the way to the Supreme Court.

And, amen, brother on the tax issue - can you even believe the hypocrisy in their "realizing value for the shareholders by enabling a tax-free distribution of VRTS shrs" blah, blah, blah, as they laugh their way to the bank with give-away sales of SNDK. I really think I may hate those guys.

thanks, again, Mark.

trish