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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Yogi - Paul who wrote (8479)	7/14/2000 3:14:23 PM
From: Sam	Read Replies (3) \| Respond to of 9256

I listened the CC last night. Several analysts tried to ask them about the lawsuit that was publicized yesterday. They said that they found out about it in press releases, the same as everyone else, and that they hadn't seen any papers on it yet. Two or three analysts tried to persist, probing to see if this might affect the merger. Luzco got pretty pissed at a couple of them, saying that they couldn't talk about a lawsuit that they hadn't seen. I could just feel him wishing to himself that the deal had already gone through and they wouldn't have to deal with analysts anymore. But the timing of the lawsuit is interesting. I don't really blame him for that feeling, but neither do I blame the analysts for trying to probe. These guys announced last night that the Hart Rodino period was over, but refused to take any questions about the take-under at all, as if, gee it just isn't terribly relevant, is it? Then they rub everyone's face in the future by talking about the fluid bearing motor (hydromotor, they called it) that "only they" have, and that will be indispensible, they claim, to developing drives with speeds of greater 15k. Not only that, they claim that in 3-5 years,they think that there could there could be "tens or even hundreds of millions" of PVRs and other consumer appliances that use disk drives, and Seagate, they proudly say, will be right in the thick of it. And they claim that this less than $2 billion bid on depressed earnings is adequate nad is in shareholder interests! What assholes and thieves these people are (IMO, of course). More on the CC later, perhaps. Sam