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


To: Sam who wrote (849)4/26/1999 11:07:00 AM
From: William Epstein  Respond to of 1989
 
Sam;

This is the sale of Seagate's Software subsidiary to Veritas Corp. by stock swap. NO TAXES. The deal is supposed to be completed during this quarter and Seagate will hold Veritas stock which can currently, be sold for 75. They will add $850 million to the company's book value, on the books.
PHOTOMAN