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

To: Sam who wrote (4560)	9/28/1998 7:44:00 PM
From: Hungry Investor	Respond to of 9256

Sam, I guess today's drop was justified assuming the following: Shares o/s: Before acquisition: 161,186,000 After acquisition: 179,986,000 Share price before announcement: approx $17 Using the same market cap as the day before I get $15.22 a share. Close to the ending price. If you assume they can buy back 2 million shares with the $40 million bucks (and assuming this doesn't reduce the value of the entire company) then you get $15.40 per share. I think that the shareholders don't see much value in this acquisition... Scott.