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 Technology Stocks | Seagate Technology - Fundamentals

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To: Zencone who wrote (1282)12/27/1999 9:38:00 AM
From: Zencone   of 1989
 
Morgan Stanley's upgrade to a Market Outperform with a target of $57 should help Seagate close out the year on a high note. Does the Xiotech acquisition position Seagate with the likes of EMC?

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To: Zencone who wrote (1283)12/27/1999 9:52:00 AM
From: Lynn   of 1989
 
Since you use the term, "position," I have to answer, "no."

The purchase will broaden SEG's offerings. It might even make SEG more attractive as a buy-out candidate [since there has been talk about this].

Lynn

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To: Lynn who wrote (1284)12/27/1999 7:53:00 PM
From: Stitch   of 1989
 
Folks;

FYI:

www4.techstocks.com 

Best,
Stitch

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To: Stitch who wrote (1285)12/27/1999 11:34:00 PM
From: Naveen Kumar   of 1989
 
Nice to have you back. Looks like you have been on other threads. Any hopes for DSS and HDD ?

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To: Naveen Kumar who wrote (1286)12/28/1999 3:56:00 PM
From: Mark Madden   of 1989
 
Seagate earnings call on January 11, 2000.

webevents.broadcast.com 

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To: Stitch who wrote ()12/31/1999 10:35:00 AM
From: Mitch Vine   of 1989
 
Seagate stock for free??

From The Street.com...

Seagate (SEG:NYSE - news), the disk-drive company. "An investment in Seagate provides an investor with
exposure to a disk-drive company with a net cash balance sheet and several valuable investment stakes,including a significant stake in Veritas (VRTS:Nasdaq - news). Each share of Seagate controls 0.44 shares of Veritas. The Veritas stake, based on yesterday's price, is worth almost $12 more than the current price of Seagate, on a per-share basis. (That's 0.44 times Veritas' closing price of 125 3/8, minus the closing price of Seagate, 43 3/4.) "Veritas is up 500% for the year," Woodberrry says. "That is the kind of stock momentum technology investors like to say that they own in their portfolio at the end of a quarter. Seagate is clearly the smarter way to own the theme, even though Seagate is selling shares of Veritas and buying back their own shares." Woodberry is long Seagate and has no position in Veritas.

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To: Mitch Vine who wrote (1288)1/10/2000 2:27:00 PM
From: Robert Douglas   of 1989
 
Mitch,

Veritas is up $27 bucks today. With app. 85 million shares to its name Seagate's holdings (pretax) are up $2.3 billion. With 208 million shares outstanding that's $11 a share. Too bad Seagate doesn't fully reflect this value.

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To: Robert Douglas who wrote (1289)1/10/2000 3:32:00 PM
From: Sam   of 1989
 
Rob,
If they can make any sort of case for the drive unit being on track, then I think we'll see a good couple of weeks after the CC (market permitting, of course). Possibly even an all time high. If the stock can actually get into the 60s or, better, the 70s, we'll see if there is any merit in those "consolidation by takeover" theories (yeah, I know what Steve said before, but there are all sorts of possibilities once their currency gets high enough).

Regards,
Sam

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To: Robert Douglas who wrote (1111)1/10/2000 3:40:00 PM
From: MikeM54321   of 1989
 
"By my calculations, and assumptions, the disk-drive portion of Seagate's business is now selling under $5 a share. I'll post this number periodically as prices, asset sales, buybacks and cash levels change."

Robert- If you get a chance, could you give us an update in your calculations above(BTW the figures above are your Aug 26, 1999 estimates). I hate to be asking you to do this, but I just don't have a good a grasp on the figures as I should. Otherwise I would punch it out for the thread. Thanks. -MikeM(From Florida)

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To: Sam who wrote (1290)1/10/2000 3:42:00 PM
From: Robert Douglas   of 1989
 
Sam,

I am looking for the same. A good CC and a run fueled by momentum and company buybacks. With the buybacks already done and another 10 or 20 million shares in the coming months, I think they could run the price considerably. Then they can take their stock and buy up some new business or some competitors. In essence this is buying low and selling high. I think Luczo is quite savvy about this.

-Rob

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