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Technology Stocks : WDC/Sandisk Corporation
WDC 165.81+3.6%2:09 PM EST
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To: scott who wrote (5668)5/8/1999 9:34:00 PM
From: Art Bechhoefer  Read Replies (1) of 60323
 
There are other parallels as well. QCOM and ERICY presented their arguments in what is called a Markham hearing, where the judge, after considering both sides' arguments, gives an opinion as to which side might prevail. This is probably the same procedure that Harari was talking about at the conference call, where the judge said he thought SNDK would prevail. The purpose of the hearing is to reduce costs for the losing side and encourage negotiations. Settlement is almost always better, since protracted litigation saps the strength of small companies. If you want an example of this, recall what happened to STAC Electronics, which prevailed over Microsoft, but even so, never recovered, despite a very substantial settlement.
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