WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 178.23

+0.8%

Dec 23 3:59 PM EST

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To: Theo Karantsalis who wrote (19041)	2/10/2001 11:21:10 AM
From: Ausdauer	of 60323

Theo, Is SanDisk a buyout candidate? I guess at the current market capitalization there are probably a few companies which might think about making overtures, but the question remains whether the stock market's battering of SNDK represents an accurate assessment of intrinsic value. Recall that the last secondary was offered at (I believe) $68/share in the Fall of 1999, or a split-adjusted $34/share in the wake of the disaster in Taiwan. If that was a snapshot of the fair market value of SanDisk (about $2 billion) then the company must be worth significantly more now. Look at the performance of the company since Q3 of 1999... Message 15271551 I personally don't believe Eli has any interest in selling the company just because we have hit a stretch of hard times. Further, there is a poison pill in place. As for potential suitors, I would consider any large, diversified semiconductor manufacturer without a significant flash memory presence as a potential buyer. SanDisk is still so young though. I guess I would like to see what Eli and his team can manage rather than counting on a buyout as the eventual way out of this investment. Aus

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