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


To: Ausdauer who wrote (10586)4/21/2000 9:18:00 PM
From: Michael A. Gottesman  Read Replies (2) | Respond to of 60323
 
Is my math right: as far as I can determine, the closing price for UMC shares on the Taiwan exchange was 97.00 Taiwanese dollars which converts to $3.17793 USD. So that means the value of the 133.2 million UMC shares is currently $423.3 million dollars. One half can be sold 6 months after the merger.

Can one of our financial wizards tell me how and where this is treated on the balance sheet.

Also, it seems to me that it is a growing asset (20% stock dividend that Eli mentioned) and it makes sense for SNDK to retain the shares. Look at this link - umc.com. Quite an increase in revenue. Since SNDK has a sizable amount of cash on the balance sheet, the only reason to sell the shares is if the asset begins losing value at the end of the restriction period or if cash is needed for acquisitions, or construction of Dominion.

Any thoughts.



To: Ausdauer who wrote (10586)4/27/2000 3:08:00 AM
From: Binx Bolling  Read Replies (2) | Respond to of 60323
 
"Smaller still but big on storage are compact flash cards, which are matchbook-size memory chips that behave just like disks but have no moving parts. Though compact flash cards cost more than Zip disks, the card readers themselves, which are no larger than a pack of cigarettes and are easy to carry, cost less than $50.

Sandisk's flash cards start at about $35 for 8 MB and go up to about $325 for 128 MB. Compact flash cards are especially suited to people who own a digital camera that stores snapshots on compact flash cards; all you need is the card reader to use the same storage cards with your desktop computer, or an adapter to pop the flash card into the PC card slot of your notebook computer. "