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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: gmccon who wrote (6655)	1/12/1999 11:00:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 7841

gmccon, from the Bloomberg article posted earlier: Seagate also announced in October that it planned to sell one of its software subsidiaries to Veritas Software Corp., which would issue about 33 million shares for the purchase. At the time, the purchase was valued at $1.6 billion, and Seagate would have a 35 percent stake in the combined company. Luczo told analysts that he expects the purchase to close this quarter for about $2.17 billion, with Seagate recognizing a pretax gain in the quarter of $1.25 billion.