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

To: Z Analyzer who wrote (1909)	7/31/2000 6:26:38 AM
From: MikeM54321	Read Replies (1) \| Respond to of 1989

Thread- Well this is interesting. I wanted to go back and find the exact date that the shareholder rip-off plan was announced. So I went to the SEG website and spent some time searching for the details. I could not find it. So I went back to SI and did some quick searches and on this exact date, March 29, 2000, this was announced... Veritas will then sell Seagate's operating assets to the investor group, which is led by Silver Lake Partners and includes Seagate management and Texas Pacific Group Message 13308453 So I pick up the date of March 29 and then go BACK to the Seagate website. Buried in the news releases was the one lonely PR saying HDD business will no longer exsist for shareholders. SEAGATE, VERITAS SOFTWARE AND INVESTOR GROUP LED BY SILVER LAKE PARTNERS ANNOUNCE LANDMARK $20 BILLION TRANSACTION seagate.com My point is, if SEG is literally going to take the entire value of SEG HDD business under, AND if it's such a great deal, why is it almost kept a secret on their website? You would think, at the minimum, making the ENTIRE Seagate HDD business dissapear would rank as a "top story" on their home page, wouldn't you? BUT Seagate chooses to almost bury the news that it will no longer exist. Hmmm...I wonder why? Ironcially, EVERY single press release out of SEG, post March 29, 2000, announcing something new and exciting, is almost a slap in the face of SEG HDD shareholders. Basically they are saying, "Look at us. Look at the great things we are doing. Na-na a boo-boo. You can't have any part of it because we're going to take it from you!" Anyway, just some more surreal thoughts that I can still hardly believe will actually come to pass. I'm still of the opinion that some kind of inside deals must be going on with the institutional shareholders to get this whole surreal thing to fly. Otherwise it still baffles me, and I believe, most others too. ___________________ "Luczo was smart to hold the vote so long after the announcement. By the time of the vote only the arbs and people accepting of the deal will be shareholders." Z- What started me on the above track, was I wanted to go back and see the date of the rip-off announcement was made. As you can see, it was not easy to find. It was March 29, 2000. And if you look at a stock chart from that day to present, you'll find that there are probably very, very few buyers who this will benefit. In other words, anyone going long SEG AFTER the deal was announced, is most likely underwater still today. So I'm not sure if the theory of postponing the details by SEG management would make sense on your theory. Am I missing something you are pointing out? Thanks. -MikeM(From Florida)