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Technology Stocks : WDC/Sandisk Corporation
WDC 169.81+0.5%3:59 PM EST
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To: Ausdauer who wrote (6724)8/24/1999 3:16:00 PM
From: NHP  Read Replies (1) of 60323
 
Aus,

You asked,

"The question I have is why not just buy stock on the open market for these clients instead of buying stock in the offering?"

In addition to the other reasons given, if the clients submitted buy orders for 3 million shares on the open market, the market price would be affected considerably. We would probably see SNDK above 100 very quickly.

NHP
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