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Technology Stocks : WDC/Sandisk Corporation
WDC 153.96+0.7%3:59 PM EST
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To: Sam who wrote (8395)12/13/1999 5:49:00 PM
From: Craig Freeman  Read Replies (2) of 60323
 
Sam, I agree with your logic. SNDK's cost of borrowing has to be less than SEG's and it would let SEG lock up a potentially higher price for their shares. However, Edgar doesn't show any December filings so the convertible offering may be a misprint after all.

Craig

reply to: "I think it is more likely that Seagate would do a $200 million convertible against a third of their stock."
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