Seagate plucked the golden goose, stuffed it and ate if for dinner because of a ravenous appetite for cash.
Craig, thanks for posting this...
"The joint cooperation agreement will terminate if, among other things, Seagate's ownership interest in the Company falls below 10% or, on or after January 15, 2000, upon at least one year's advance written notice by the Company to Seagate."
It would appear that Seagate's divestiture, while painful now, will allow SanDisk the sole claim to revenues from the entire line of flash memory cards. SanDisk needed Seagate at one point for its distribution channels, corporate connections and the like. In the meantime, SanDisk established its own retail channel. The Internet allowed SanDisk to team with companies such as Ingram Micro and Tech Data Corp. for logistical, inventory and fulfillment needs to Internet store fronts such as www.buy.com and www.onvia.com.
The Internet facilitated SanDisk's freedom and independence from the giant, plodding mother ship know as Seagate. This no doubt adds greater purity to the pure-play SanDisk represents.
Now how about we start gathering some of those golden eggs?
Ausdauer |
