WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.33

+3.5%

Nov 28 9:30 AM EST

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To: JesseK who wrote (7468)	10/10/1999 4:51:00 PM
From: Bargain Hunter	Read Replies (1) of 60323

Does anyone understand this PEPS Trust? I don't! I posted a brief description of how I understood it to work in: Message 11027822 Since the secondary stock offering has been postponed (they were just about to place it when the Taiwan earthquake struck), I assume that the PEPS offering was postponed too. We will probably learn more at the earnings conference call. I assume that the secondary offering was intended, partly at least, to raise cash for the new fab. I would be interested to know whether they still need the offering for the fab or whether they will finance it some other way.

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