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

To: Bargain Hunter who wrote (9899)	3/29/2000 9:30:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Note that one of the main purposes of the transaction is to restructure the assets without paying taxes. If VRTS "buys" the SNDK shares, in effect, their purchase price is the current price, but also, the assets are being purchased with stock, rather than cash, to avoid tax payments that would occur with a cash buyout. If this is an accurate picture of what is about to happen, then it will be possible for VRTS to dispose of the SNDK shares with little or no capital gain, since the cost basis of the shares will be NOT what they cost Seagate originally but what they cost VRTS at the time the transaction took place.