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

To: Ausdauer who wrote (12503)	7/3/2000 9:33:14 PM
From: wily	Respond to of 60323

Ausdauer, From the SSTI 2/24/2000 10K: INTRODUCING NEW PRODUCTS BASED ON SUPERFLASH. We intend to introduce new and different application specific products. We are currently developing ComboMemory, a new class of devices for wireless and portable applications that combine volatile and nonvolatile memory on a single monolithic silicon chip or in a common package with optimized performance. We are also developing a new reprogrammable microcontroller family and new mass storage products. In addition, we plan to introduce 1, 2 and 4 Mbit serial flash, 2, 4 and 8 Mbit firmware hubs and 8, 16, 32 and 64 Mbit concurrent flash. ComboMemory and concurrent flash are designed to address the memory needs of wireless communications devices, such as cellular phones, wireless modems and pagers. Since the 10K reports development efforts whereas the 10Q's don't, they could have started development on the 64Mbit chips more than a year ago and have them in products now. It would take 12 64Mb chips to make the 96MB card. I don't know how significant this is or if there is even any difference: their CF cards use an ATA interface and incorporate 2MB of SRAM buffer. wily

To: Ausdauer who wrote (12503)	7/4/2000 9:39:00 AM
From: D.B. Cooper	Read Replies (2) \| Respond to of 60323

Tuesday July 4, 5:27 am Eastern Time SanDisk to invest $75 mln in Tower TEL AVIV, July 4 (Reuters) - Israel's Tower Semiconductor said on Tuesday it had entered into an agreement under which SanDisk will make a $75 million strategic investment in Tower. In return, California-based SanDisk, the world largest supplier of flash data storage products, will receive equity, representation on Tower's board and committed production capacity in the advanced chip plant Tower plans to build in Migdal Haemek, Israel. The total cost of the new plant is estimated at $1.5 billion through the end of 2003. Tower said it plans to raise additional equity, mostly from other strategic partners in similar transactions, of about $350 million. It is expected that following the completion of all the financing transactions necessary for the new wafer manufacturing facility, SanDisk will hold about 10 percent of Tower, while the Israel Corp will have about 20 percent. Additional strategic partners that will join the initiative will together hold appoximately 30 percent of the company. Following the agreement with SanDisk, Tower said it expects to announce similar agreements with the additional wafer partners in the very near future.