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Technology Stocks : WDC/Sandisk Corporation
WDC 150.21+8.7%Oct 31 9:30 AM EST

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To: Ausdauer who wrote (2755)4/10/1998 3:58:00 AM
From: Craig Freeman  Read Replies (1) of 60323
 
JTSUHMD, "Mr. Shugart denies beneficial ownership of ..." Does that mean that Alan holds zero shares plus 24,000 options and that Seagate holds 6M shares -- or that Alan and Seagate each hold 6M shares and Mr. Shugart also happens to have 24K options?

The fact that Alan is a SNDK board member and also Chairman of Seagate may have doubled things up on the books. But I could swear that I once saw a report showing that between Seagate and Mr. Shugart, they owned about half the company (it was around the time when SNDK put together their hostile takeover defense).

Craig
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