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: Bargain Hunter who wrote (9967)	4/1/2000 12:11:00 AM
From: The Prophet	Respond to of 60323

SEG's stake in SNDK discussed in Bloomberg today: Sandisk, Gadzoox Seagate's investment in SanDisk, based in Sunnyvale, California, amounted to 10.3 million shares at the end of last year. The company is the world's largest maker of flash memory chips, used in digital cameras, wireless telephones and other types of consumer electronics. SanDisk's shares have soared more than sevenfold during the past 12 months. That's lifted the value of Seagate's 15.5 percent stake in the company to $1.11 billion, or $5.13 per share, based on yesterday's closing price. Gadzoox, a maker of equipment used to link information- storage devices to computers went public last July at $21 a share. Though the San Jose, California-based company's stock peaked last August, it's still valued at more than twice the IPO price. Seagate's holding of 5.11 million Gadzoox shares is valued at $232.9 million, or $1.07 per share. quote.bloomberg.com