WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.56

+0.7%

Dec 24 12:59 PM EST

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To: Bruno Cipolla who wrote (25368)	3/16/2004 10:20:34 AM
From: Pam	Read Replies (1) of 60323

This is from Sandisk's 10-K dates 3/12/2004: "Toshiba currently plans to begin construction of the building in the first half of 2004. We may agree that in the event that we and Toshiba do not execute definitive agreements with respect to Fab 3, we will reimburse Toshiba for 50% of certain start-up costs and Fab 3 Co. formation costs incurred by Toshiba and for cancellation fees due under authorized contractor and vendor invoices for orders placed by Toshiba for certain equipment and construction materials for Fab 3 that Toshiba cannot otherwise use, which amounts would be substantial. The total investment in Fab 3, excluding the cost of building construction, is currently estimated at $2.5 billion through the end of 2006, of which our share is estimated to be approximately $1.3 billion, with initial production currently scheduled for the end of 2005." -Pam

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