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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: Craig Freeman who wrote (2866)4/23/1998 10:13:00 AM
From: Jerome Wittamer  Read Replies (4) of 60323
 
Craig, I got the wonderful idea to go dig in the annual report and read page 9.

I found what you mentioned but my understanding is rather different :

as from 1-1-99 Seagate will have the right to become distributor of 33% of SanDisk's output. This does not mean that it will have the right to command low prices (where did you read that?).
If it becomes a reality, it's due to be a mutually beneficial relationship.

I assume that SanDisk already has access to some of Seagate's distribution channels.

Also there's no certainty as to Seagate exercising the option given its financial situation. Indeed it could be better-off staying out and reaping the profits from a soaring stock.

Of course it is only my understanding, take it for what it's worth.

Any other interpretation?
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