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


To: KevRupert who wrote (12202)6/24/2000 9:32:00 PM
From: straight life  Read Replies (1) | Respond to of 60323
 
"This was my calculation of "seg" on 3/27/2000, and the corresponding "sndk" calculation:

2) Sandisk Corp (SNDK)
Shares owned by SEG: 10,000,000
Stock price: $138
Market Value: $1,380,000,000"


Checking insiders sales from yahoo going back a year, SEG has filed to sell 5,875,000 shares. If, as you say, they owned 10M shares as of 3/27/00, they have a LOT more to sell, as they've only filed to sell 1,010,000 shares since that date (all in May) (they filed to sell 3,865,000 in Feb. alone, for example).

I can only hope that either your dates are off (in which case they STILL have over 4M shares to sell), or that they'll dispose of their remaining shares in some other fashion than they've been doing; say private sales, for example.