Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (6652)	8/17/1999 8:54:00 PM
From: Craig Freeman	Respond to of 60323

Jay, re: "no insiders getting out." At today's low interest rates, if all SNDK needed was cash, a bond offering would have been appropriate. Or, if what they needed was a fab, they could have used shares as currency. But the only way SEG would every see a hard cash profit was to do it the way it's being done. The value of SEG's shares to be sold exceeds their reported annual profit. The "accrued" profit im their share of SNDK shows up nowhere but any SNDK shares actually sold will hit their bottom line in the next reporting period. Take a wild guess at who might have suggested the new SNDK offering !?! What's good for an insider is usually bad for the shareholders. Craig