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To: Sarmad Y. Hermiz who wrote (9097)	1/22/2002 12:39:21 AM
From: LK2	Read Replies (3) \| Respond to of 9256

Seagate will have an IPO in 2002. From this week's Barrons, Jan 21, 2002, Roundtable discussion: For Personal Use Only >>>>> interactive.wsj.com [snip] Neff: A few years back Seagate, the largest player in the industry, went private. This was supposed to lead to more orderly pricing. Has that happened? Samberg: Yes. There are a number of events that will focus attention on this turnaround, and one is exactly what John is talking about. Seagate was taken private by Silver Lake Partners, led by Roger MacNamee. It was a brilliant transaction. Neff: It seemed like they stole it. Samberg: They took it private and monetized the software business by selling it to Veritas. As I understand it they put up $800,000 in cash to support this whole structure, and it will come public again sometime this year. It is going to be one of the highest rates of return every achieved. Seagate is very profitable. They have no interest in dropping prices to take market share, particularly with a public offering in the cards. Copyright © 2002 Dow Jones & Company, Inc. All Rights Reserved. <<<<<