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Technology Stocks : WDC/Sandisk Corporation
WDC 163.58+0.2%Dec 1 3:59 PM EST

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To: Ron C who wrote (6689)8/21/1999 1:39:00 AM
From: Craig Freeman  Read Replies (2) of 60323
 
Ron, you forgot to mention that SEG is also selling an extra 3,423,128 shares as a part of the offering.

In the prospectus it is referred to as a $200M PEPS with a registration fee based upon an estimated $67.19 value. Check FreeEdgar.com and search the filing for "67.19" to see for yourself. If I knew what they meant by "Premium Exchangeable Participating Shares" in note 4, I'd probably feel a lot better.

Can anyone here explain the term "PEPS"?

Craig
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