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

To: Ausdauer who wrote (8397)	12/13/1999 7:06:00 PM
From: Sam	Read Replies (1) \| Respond to of 60323

Aus, Seagate doesn't need Sandisk to sell their shares. But they are a friendly company, not hostile. They don't want to do anything that would hurt SNDK. Also, they would like to avoid, if possible, paying taxes on their substantial capital gain, but lock in a price while getting some cash now (they are buying a SAN company for $360 million, and, I suspect, that will not be the last acquisition they will make in the next 12 months). Somehow, the PEPS trust was supposed to do that. I'm not sure how the convertible would do it, but Seagate's CEO is very clever in the ways of Wall Street. If it can be done, he will figure out how to do it.