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Technology Stocks : WDC/Sandisk Corporation
WDC 174.21+6.9%3:59 PM EST
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To: Ausdauer who wrote (8682)1/14/2000 9:47:00 PM
From: Art Bechhoefer  Read Replies (1) of 60323
 
Aus and Thread, without seeing the details of the transaction, I can only assume that the SNDK holdings in UMC were exchanged for stock in the acquiring company. While a "sale" for cash did not occur, it appears to be an exchange of shares for new shares, and thus it is correct to record the value of the new shares as a one-time gain, even if they aren't actually sold. This is another example of skilled management and management that is sensitive to shareholders.
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