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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (934)	10/6/1998 2:14:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 43080

HOLLY MACKREL! VRTS DOWN 20? Thats too much even for me.. Veritas Software Corp. (VRTS) 31 3/8 -14 (-31%): BT Alex. Brown downgrades issue from "buy" to "market perform," after company announced acquisition of Network and Storage Management Group of Seagate Software for $1.6 bln in stock. Seagate (SEG 24 1/2 +1 1/2) shares up 6.5% on the news. Veritas Software Corp. (VRTS) 27 1/8 -18 1/4: --UPDATE-- SoundView Financial reiterates "strong buy" on provider of end-to-end storage management software solutions; believes purchase of Network and Storage Management Group from Seagate Software will be successful due to excellent management team..... Veritas Software Corp. (VRTS) 27 13/16 -17 9/16: --UPDATE-- Bear Stearns upgrades provider of end-to-end storage management software solutions from "neutral" to "buy"..... Seagate Technology Inc. (SEG) 24 1/8 +1 1/8: Gruntal & Co. maintains "hold" rating on manufacturer of storage technology products after company announces sale of company's software business to Veritas Software for 32.9 mln in VRTS stock..... Legato Systems Inc. (LGTO) 32 3/4 -7 1/4: Warburg Dillon Read downgrades developer and marketer of network storage management software products from "buy" to "hold" after VERITAS Software (VRTS 29 3/4 -15 5/8) announces plan to acquire a unit of Seagate Software, creating a formidable competitor.....