WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.88

-5.9%

3:59 PM EST

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To: Ausdauer who wrote (8405)	12/14/1999 11:17:00 PM
From: Craig Freeman	Read Replies (2) of 60323

Ausdauer, the only thing reasonably certain is that the party that gets the cash will have to pay the interest. And even that isn't an "absolute". As Sam pointed out, between the great minds at SNDK and SEG, you can't really be sure what they will cook up until you get a copy in print. Today, I bought back the Jan 40 call I had sold previously -- the rough equivalent of buying 100 more shares. Not a giant step for mankind but rather a belief that today's decline was a tad overdone. Craig reply to: "Could you detail the arrangements in your last post. I still don't understand how this type of offering works. Also, who pays the interest on the convertible until such time that shares are converted?"

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