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Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?

To: The ChrisMeister who wrote (213)	8/11/1998 5:53:00 PM
From: jsuk	Read Replies (1) \| Respond to of 742

Well I would not disagree to strongly. If the wheels do come off then we would probably see correction across the board. In which case it would be a great buying opportunity. In fact I have been accumulating cash in the last month as we will probably see a major correction by the end of Oct at the latest. This will be a great time for picking up quality stock as I do not see a bear market, just a correction. The main point I was making was that this is a good stock to buy on dips. Just make sure that you maintain good discipline and keep your stops tight. Remember you can always buy in again lower. Other things to look out for is that the revenue from NT is not here yet, although some of this is already built into the stock price. The climate of merger mergers is good for VRTS as this is when companies evaluate their IT strategy. The whole storage technology industry is still in its early days and I think there's a lot of growth here. Just my $0.02. PS. Nice to see some activity on this board again.

To: The ChrisMeister who wrote (213)	10/6/1998 1:08:00 PM
From: The ChrisMeister	Read Replies (1) \| Respond to of 742

I think the huge drop is partly market we're in (sell now, study the news later), and partly due to the share dilution factor. What's gonna happen to those 30+ million shares being manufactured? On the other hand, the precipitous drop means the deal is only a $925 million deal (@28) rather than a $1.6 billion deal (@45+). I know this doesn't make any difference, but it could cause Seagate (and SEG shareholders) to nix the plan. This may be starting to smell like the Tellabs/Ciena deal... I'm really just thinking out loud. Fortunately, I bailed out of my remaining position (25% of original) @54 1/2 - just days before we ran up to 59-60. There was no foresight in this, I just got lucky. Trying to decide now whether to buy back in at these much lower prices. The divergence among the analysts may suggest it'll take a while for the dust to clear, though on the surface this deal looks good for VRTS -- if it'll still go through following this readjustment of the price. ChrisMeister