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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

Nov 13 3:59 PM EST

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To: Bhag Karamchandani who started this subject	8/9/2000 1:22:34 PM
From: Andre Williamson	Read Replies (2) of 60323

More info! biz.yahoo.com Wednesday August 9, 12:54 pm Eastern Time Photo-Me, SanDisk to set up U.S. digital photo kiosks LONDON, Aug 9 (Reuters) - British photo booth operator Photo-Me (quote from Yahoo! UK & Ireland: PHTM.L) said on Wednesday it would form a joint venture to set up thousands of self-service digital photo kiosks in North America. The deal with California-based SanDisk (NasdaqNM:SNDK - news) will allow millions of digital camera users to make prints easily and quickly, they said in a statement. Both sides will invest $4 million in the joint venture company based at SanDisk. The venture will install at least 2,000 kiosks a year for 10 years around the United States and Canada, starting in the last quarter of this year. The kiosks will be connected to the Internet. Photo-Me will make the kiosks from at facility in France and sell them to the joint venture at a unit price of $20,000. ``This is a major step forward in popularising digital photography,'' said Eli Harari, president and CEO of SanDisk. He added the kiosks will only take a few minutes to provide prints and will accept virtually any storage medium currently used in digital cameras. The news came after Photo-Me issued an accounting-related profit warning last week, sending its stock plunging. On Tuesday its shares closed off 1.55 percent at 95 pence. ** Looks like a half billion dollar effort. Anyone know anything about the economics of photo stores?

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