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» SteveT - Livable wage

Seems I heard about a year ago something in the $9.00 range minimum in I thought San Jose, CA. Can anyone confirm this or is my memory off?

-- posted by SteveT

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» Rande - Wow -- Seagate and Veritas going private to the tune of $20 bill

Wow -- Seagate and Veritas going private to the tune of $20 billion? Talk about less supply.

Seagate/Veritas

-- posted by Rande

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» Rande - Bed Bath & Beyond may represent just .

Bed Bath & Beyond may represent just .24 of QQQ, but hey -- it's something. Good earnings:

BBBY

-- posted by Rande

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» Karin_ - Rande

I am holding "Veritas" shares.
Is the merger between Seagate and Veritas
good news?
Veritas went down today.--
I guess it must be good news---.

-- posted by Karin_

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» Rande - Guess it will take some time to analyze what's going on and why

Guess it will take some time to analyze what's going on and why, but it looks like Seagate is the one being taken private. In any event, some huge numbers involved. Here's a link to more on the story:

Veritas/Seagate

-- posted by Rande

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» Rande - But, it looks like part of the deal has Veritas buying back its

But, it looks like part of the deal has Veritas buying back its shares that Seagate owns. Generally a positive when companies buy back their own shares:

Veritas Buyback

-- posted by Rande

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» Rande - Well, mabye a nice win-win (Seagate shareholders look like they

Well, mabye a nice win-win (Seagate shareholders look like they might be getting a nice premium and Veritas shareholders get accretion to EPS):

Under the complex deal, Veritas, a maker of software that stores and manages digital information, acquires Seagate for cash and stock, but it sells Seagate's operating businesses to private investors -- including Seagate management -- for $2 billion in cash.

The arrangement allows Veritas to reclaim the 128 million of its shares that are currently owned by Seagate, while paying out only 109.3 million new shares, plus cash, for Seagate.

Veritas said the deal should add to its earnings per share figures because the amount of outstanding stock will be reduced. Veritas also gains from other uses of the cash it gets for selling Seagate's assets, plus any interest or other earnings on securities Seagate currently holds.

Seagate said its stockholders will receive the equivalent of $77.50 a share for their Seagate stock, including Veritas shares and $5 in cash. The exchange ratio is 0.467 Veritas shares for each Seagate share. The deal is expected to close in the third quarter of this year.

-- posted by Rande

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» Rande - Has to be SOMETHING positive out there.

Has to be SOMETHING positive out there.....

Union Carbide Upside

Intel Windfall…and other news

-- posted by Rande

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» SteveT - Historical Discout rates

Can be found HERE

Notice the pattern
7-2-92 3%
5-17-94 3.5%
8-18-94 4%
11-16-94 4.75%
2-2-95 5.25%
1-31-96 5%

We withstood some steep increases in 94 and the market was flat for the year. Sure I know the Valuations were not as high then. With earnings and earnings growth projections good for this year and next I think we can weather this storm.

-- posted by SteveT

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» Rande - 1Q-end version of.

1Q-end version of....

The latest (as of 3/31):

Since 12/31:

DJIA -5.00%
S&P +2.00%
SPY +2.38%
W5000 Fund (VTSMX) +3.85%
Nas +12.37%
QQQ +19.84%
R2000 +6.80%

Since 1/6 (benchmark low for the year):

Nas +27.02%
QQQ +36.71%
R2000 +13.41%

Since 1/14 (all-time high):

DJIA -6.83%

Since 1/28 (benchmark low for the year):

W5000 (VTSMX) +10.15%

Since 2/25 (benchmark low for the year):

S&P 500 +12.39%
SPY +12.38%

Since 3/7 (benchmark low for the year):

DJIA +11.49%

-- posted by Rande

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