|
Taking stock of the Seagate-Veritas deal
Last week, the world's number one storage device manufacturer Seagate turned private following a complex $20 billion two-part transaction. One, Veritas Software will buy back its 128 million shares from Seagate and two, an investor group called Silver Lake Partners, including the Seagate management, will buy out all of Seagate's operating businesses worldwide, including the disc drives, tape drives and components, for $2 billion.In an exclusive e-interview Seagate's Singapore-based vice-president, sales and marketing (Asia-Pacific), Don Kennedy, explains how Seagate ``will now be able to act in the best interest of the corporation without the negative impact of quarterly financial reporting requirements". Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
|