SI
SI
discoversearch

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 (10025)4/2/2000 4:49:00 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 60323
 
Aus, we've seen how Lexar has twisted news events to make them look more favorable to Lexar. We've also seen that Lexar essentially has thumbed its nose at SanDisk. I don't disagree that the decision of the court is material. I'm just saying that with what we know about Lexar, it's going to be very difficult to collect in the NEAR TERM (i.e., the next five or six months, at the minimum). But there WILL be a reckoning sooner or later.

Lexar's most likely response is to file an appeal, which will stay any action, though they may have to post bond. All I'm saying is that this mess is still a long way from being resolved. Also, it appears that Sony is a creditor, and that being the case, Sony gets first claim on assets, in front of SanDisk (because the court order came later).

Art