WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.61

+2.2%

Nov 6 3:59 PM EST

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To: Art Bechhoefer who wrote (10348)	4/14/2000 11:23:00 AM
From: Ausdauer	Read Replies (1) of 60323

Art, This was a particularly sad post... Message 13272954 I still am scratching my head as to why Kodak never took an equity interest in SNDK. They certainly had many opportunities to do so. When the secondary offering went sour last year after the earthquake they could have easily stepped up and offered a $300 million dollar investment in return for 4 or 5 million shares rather than letting Eli and Cindy sweat it out. I "shutter" to think of all the transactional costs associated with the secondary and all the nail biting that occured as SanDisk's market cap dropped by 60% after the earthquake. Had I been a Kodak exec I would have picked up the phone, called Eli and sent a blank check. It is sad that Kodak was so far ahead of the game in 1995, gambled on CF, and still has no long term equity interest SNDK. When a technology as disruptive as flash memory and digital photography comes along, a nimble company will recognize the threat and get on board. Kodak missed out on a mammoth opportunity, IMHO...seemingly visionary and myopic all at once. Ausdauer

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