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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (8370)	11/5/1999 7:49:00 PM
From: bob	Read Replies (2) \| Respond to of 18366

From WEBNOIZE - SanDisk Raising $291M for Technology Development SanDisk Corp., which develops memory storage products for portable MP3 players, digital cameras and other consumer products, hopes through a common stock offering to raise over $290 million to fund a technology venture with Toshiba Corp. SanDisk is offering 4.5 million shares of common stock priced at $68 per share in the U.S. and Canada, standing to net approximately $291.3 million. The lead underwriter for the offering is Morgan Stanley & Co. SanDisk designs, develops and markets flash memory cards for portable audio players that facilitate playback of up to two hours of near-CD quality music. Its technology is supported by devices from e.Digital, Pontis Electronic and RCA. In addition to general corporate purposes, SanDisk intends to use the proceeds for a technology development joint venture with Toshiba.