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: Sam who wrote (1900)	7/21/2000 2:05:21 AM
From: Tom Simpson	Read Replies (2) \| Respond to of 1989

<<No, except for employees and prospective stockholders of the New Seagate who are willing to hang on to their illiquid investment for a few years.>> Chances are, if you or I WERE prospective stockholders of New Seagate (which looks to be a real value stock play) we would vote YES too. But its a limited class and we aren't in it, neither are most Old Seagate stockholders. <<But, frankly, I don't think that it is awful if the market doesn't fully recognize the value of VRTS. >> Nor do I. The failure to recognize that value is also the shield against risk and volatility. The trouble is most folk want to have their cake and eat it too. For me to say the "valuation failure" carping drove the deal is perhaps not true. One can't read the minds of the board. But it is for sure that this particular issue has been in play for some time....it came up repeatedly in conference calls well before this deal was announced. It is sort of striking how obvious, blatant, and raw the conflicts of interest are and difficult it is to find an accountability path. If not the BOD then who? Still, obvious corruption aside, I fail to see why anyone who, for whatever reason, now holds Seagate, would see it in his or her best interest to exchange it for .467 shares of VRTS plus 5 bucks except for the single narrow one I posed; but then I'm one of those intellectually challenged people with a limited imagination. I can't wait to see how that vote actually turns out, if it turns out. <<P.S. What do you think about HTCH's report?>> I thought it stunk. Yes, its good news they got a toe in the Seagate door but there was nothing to suggest its more than a token amount in the great scheme of things. My problem is they keep slipping badly in their unit share of the market. But the stock was up today, so what do I know :o) Keep the faith........Tom

To: Sam who wrote (1900)	7/23/2000 8:15:26 PM
From: Tom Simpson	Read Replies (1) \| Respond to of 1989

<<P.S. What do you think about HTCH's report? They say they will be in some SEG programs. And adopt "shareholder rights" plan. Fascinating. >> I re-reviewed the HTCH release. I still think it stinks, but now its two days running it has gone up anyway, a lot, with volume too. I don't see any other news. Seems just a little odd to me. Does anyone have some insight into this move out of the blue? Re potential takeover.....how about adding Silver Lake to your list of potential HTCH acquirers? Wouldn't that royally roil the industry waters? Best....Tom