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 : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Mike Winn who wrote (1066)	10/22/1997 9:52:00 PM
From: ED PLOPA	Read Replies (3) \| Respond to of 60323

Mike: So what you've added to my analysis is that insider holdings (48%) and Seagate's (25%) could easily provide the 5% of stock that my analysis uses as a premise. In fact, they could probably do more, say 5% insiders and 5% Seagate. However, do you think that $105,000,000 secondary offerring is too heady? I do. Maybe, just, maybe, the company only floats enough new shares to essentially cover offerring costs. That would be too good to be true. Then question then becomes, if the stock was so good why are the stockholders selling. I can probably give you one reason. Both the insiders and, especially, Seagate probably needs the cash. Just thinking ahead and painting scenarios, that's all. Ed Plopa