WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 168.57

+4.7%

2:11 PM EST

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To: Ausdauer who wrote (11215)	5/19/2000 4:52:00 PM
From: Bargain Hunter	Read Replies (1) of 60323

The joint cooperation agreement between SNDK and SEG depended on SEG maintaining at least 10% ownership. SEG is down to well under that, so they can no longer invoke the option. It is possible that SNDK gave SEG a 1-year notice of termination (which they were entitled to do any time after Jan 15, 2000) and SEG decided to start selling. But I suspect that SEG simply chose to sell SNDK based on valuation and/or their own corporate objectives related to the VRTS transaction.

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