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 : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (8909)	3/12/1998 12:32:00 PM
From: Sam	Read Replies (1) \| Respond to of 11057

I don't think Jeff meant that WDC would get taken over at 1x sales. Conner, I think, was bought for around .80x, though I may be mistaken about that (I think it was around $20/share when all was said and done). But that was an all stock deal when SEG's price was twice as high as it is now (more than 1x sales, I think). But I just can't see what IBM would get if they bought WDC. I hope they do, it would be good for the industry to have a major player taken out, even if it strengthens IBM's drive division. At least they want to make money as opposed to merely generate revenue and jobs, the way Asian countries tend to want to do. $25-30 would be an attractive price for current holders and the buyer (except for the current holders who bought much higher, of course). Otherwise, given the current situation, we could conceivably see a flat line stock for awhile. (See the SEG thread for a report on the drive business from Lehman.)