WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 158.65

-3.0%

10:59 AM EST

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To: thecalculator who wrote (20784)	9/3/2001 10:18:03 PM
From: Ausdauer	Read Replies (1) of 60323

Calculator, I remember all of the complaining about SanDisk's option to purchase Tower Semiconductor stock... ...at the price you mentioned in your post (about $30/share). Many who phoned into the Tower Semiconductor conference call seemed to think this was too generous a deal and that SanDisk was making out like a bandit. Well, I hope that SanDisk is not obligated to purchase those shares. You post refers to the deal as a "Purchase Obligation Agreement". You also stated that SanDisk "may" exercise the warrant, suggesting they have an option to refrain from exercising. That would be a no-brainer. Aus

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