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

To: Ausdauer who wrote (13949)	8/16/2000 12:56:20 AM
From: Binx Bolling	Read Replies (1) \| Respond to of 60323

Ausdauer, Please update me on the relationship between Toshiba and Lexar Media. Below is a repeat post from Binx: To: Ausdauer who wrote (9234) From: Binx Bolling Saturday, Feb 19, 2000 11:13 PM ET Reply # of 13956 Ausdauer, You wrote, "Nobody with a modicum of intelligence would invest money in Lexar. It would require a total ignorance of the issues at hand (discussed in great detail in the registration statement) and a complete lack of knowledge of market forces in this industry." This might explain why Toshiba is a shareholder in Lexar Media: This smells like incest to me. 5% Stockholders Toshiba America Electronic Components, Inc............. 3,000,000 APV Technology Partners II, L.P. ....................... Entities affiliated with St. Paul Venture Capital, Inc. Thomvest Holdings, Inc....... Ontario, Limited..... GE Capital Equity Investments, Inc. .......... Transactions with Stockholders Toshiba America Electronic Components, Inc. In June and July 1997, we received a cash advance for working capital in the amount of $400,000 from Toshiba America Electronic Components, Inc., a holder of more than 5% of our common stock and, from May 1997 until September 1999, a shareholder with rights under our articles of incorporation to elect a representative to serve on our board of directors. The advance bears interest at a rate of 5.5% per year and is payable in July 2000. As of December 31, 1999, the total amount outstanding, including accrued interest, was approximately $406,000. We intend to repay this advance with a portion of the net proceeds from this offering. Toshiba is also the guarantor of a promissory note that we sold to MetLife Capital Corporation in the aggregate principal amount of $348,423 which is more fully described below. On April 15, 1998, we entered into a Consignment Agreement with Toshiba for the supply of flash memory. In 1998, we purchased approximately $5.3 million of materials from Toshiba pursuant to this agreement and, as of December 31, 1998, had payables to Toshiba of approximately $1.8 million. The agreement had a one-year term renewable at our option, and we renewed the agreement with Toshiba in April 1999. In 1999, we purchased approximately $18.5 million of materials from Toshiba, and as of December 31, 1999, we had payables to Toshiba of approximately $3.4 million. Binx says this smells like incest.

To: Ausdauer who wrote (13949)	8/16/2000 3:02:38 AM
From: Steve 667	Read Replies (1) \| Respond to of 60323

Aus, Yeah, I would like to see Lexar go down the toilet too. However Delkin cards are about the same speed as that of Lexar cards. Delkin cards are almost twice as fast as the Sandisk card. That's pretty fast. Hitachi has a 440+ mb flash card out now don't they? That probably holds just too many pics. OK, little Jason sure has convinced me. Slower and smaller is better. Go Sandisk. Steve 667 ‹^› ‹(•¿•)› ‹^›