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: Ausdauer who wrote (7107)	9/26/1999 10:56:00 PM
From: JesseK	Read Replies (3) \| Respond to of 60323

DJ Crt Grants Lexar Media's Injunction Motion Vs SanDisk -------------------------------------------------------------------------------- 26 Sep 21:25 FREMONT, Calif. (Dow Jones)--Lexar Media said a U.S. District Court granted its motion for a preliminary injunction against SanDisk Corp. (SNDK) in a false advertising lawsuit. As reported, Lexar Media alleged that SanDisk engaged in false advertising, unfair competition, trade libel and interference with prospective business advantage. Lexar, a digital film company, was seeking injunctive relief to force SanDisk to stop its allegedly anti-competitive conduct. In a press release Sunday, Lexar said the court's ruling relates specifically to a "Capture Time Comparison" chart distributed by SanDisk. The chart claims that a SanDisk memory card product was faster than Lexar Media's digital film memory cards in certain digital cameras. The court ordered SanDisk to stop distributing the chart, Lexar Media said. The court also found that Lexar "suffered irreparable injury," Lexar Media said. Lexar Media said its is "currently evaluating the magnitude of the damages we will seek." SanDisk, which makes digital imaging and audio storage products, wasn't immediately available for comment Sunday night. SanDisk shares closed at 88 3/4 on Monday, Sept. 20, and at 84 1/4 on Tuesday. Closing price fell to 65 on Thursday, on volume of 1.5 million shares, while Friday's closing price was 68 3/4, on volume of 2 million shares. -Ralph Tasgal; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 09-26-99 09:25 PM This sucks!!!!! Hopefully Sandisk will reply..... Jesse Clancy SANDISK STILL = RETIREMENT