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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 3:59 PM EST

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To: Art Bechhoefer who wrote (21451)1/15/2002 11:07:57 PM
From: NHP  Read Replies (1) of 60323
 
The firm [Salomon Smith Barney] beneficially owns 5.9 million Sandisk common shares.

Art or anybody,

I am totally confused as to the meaning of the above statement. If I remember correctly, a few years ago Alan Shugart beneficially owned 25% of SanDisk common stock on behalf of Seagate.

Can someone set me straight on "beneficially owning"? Is SSB the real owner of the SNDK shares?

NHP
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