WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 169.99

-2.4%

Nov 11 3:59 PM EST

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To: Art Bechhoefer who wrote (7090)	9/26/1999 12:21:00 PM
From: Ausdauer	Read Replies (1) of 60323

Art, I was reading the SEC filings today and see that the secondary offering price was estimated to be $67.19, whereas others have stated that this was left intentionally blank at the initial filing (if my memory serves me correctly). Title of Each Class Aggregate Amount of Securities Maximum Offering Price Net Common Stock 3,450,000 shares $67.19 $231,805,500 ($0.001 par value) Is it possible that we have gravitated to the mid-60's on the basis of shares being sold ("turned over") following the secondary (which happened to coincide with the earthquake?). Perhaps this could explain the extraordinary volume on Friday. Also, is the underwriter required to buy back shares sold by private clients involved in the offering if shares are sold within "x" days of the sale? Should we have seen this coming? freeedgar.com Ausdauer

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