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

To: Sam who wrote (9183)	12/10/2002 4:58:42 PM
From: Gus	Read Replies (1) \| Respond to of 9256

Large percentages, large numbers.<g> 12/10/2002 Last Change Volume Ave. Daily Volume MXO $5.73 +24.3% 9,378,900 1,490,681 WDC 7.39 +11.6% 4,651,700 2,308,045 RDRT 0.72 +20.0% 1,390,520 747,000 Higher, Lower.<g> STK's institutional holdings reports will definitely make for interesting reading during the next 6 months. Seagate IPO offers risks, rewards Fund manager sees the deal as expensive By Steve Gelsi, CBS.MarketWatch.com Last Update: 4:48 PM ET Dec. 10, 2002 NEW YORK (CBS.MW) -- Seagate Technology is resisting attempts by institutional investors to bid the price down below $12 per share, and IPO trader said late Tuesday as the $1 billion deal was getting ready to go to market. "The word is the company won't take below $12 per share," said Sal Morreale, an IPO trader for Cantor Fitzgerald. Investors are attempting to get a discount below the $13 to $15 price range in the wake of a report in Barron's that insiders on the deal paid less than $2 per share to take the disk drive maker private two years ago, Morreale said. "The IPO will probably get done, but it'll just get done, and that's it," he said......... marketwatch.com

To: Sam who wrote (9183)	12/11/2002 4:10:39 AM
From: Tom Simpson	Respond to of 9256

<What you're missing is the perception that,....> and more. I now see it's really quite awful. Between goodwill and "other intangible assets" MXO carries just under 1 billion worth of vapor on their books. Thats enough to clean out equity, long term debt and deferred taxes all combined :o) Neither one of these survivors has assets to speak of....it must be the wan hope they must someday eke out 4-5% net earnings on sales. It will be raining again by Friday so I'll have time then to go look at the new Seagate. From your discussion I gather you're of the opinion that Wall Street hasn't changed much post-Enron.....:o) Best.....Tom