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

To: Ausdauer who wrote (11215)	5/19/2000 4:33:00 PM
From: quidditch	Read Replies (1) \| Respond to of 60323

Aus, contractual. Note, I express my high skepticism at the original poster's postulate. But no regular on the thread surfaced to tear the statement apart. What is its genesis? Steve

To: Ausdauer who wrote (11215)	5/19/2000 4:52:00 PM
From: Bargain Hunter	Read Replies (1) \| Respond to of 60323

The joint cooperation agreement between SNDK and SEG depended on SEG maintaining at least 10% ownership. SEG is down to well under that, so they can no longer invoke the option. It is possible that SNDK gave SEG a 1-year notice of termination (which they were entitled to do any time after Jan 15, 2000) and SEG decided to start selling. But I suspect that SEG simply chose to sell SNDK based on valuation and/or their own corporate objectives related to the VRTS transaction.