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

To: Ausdauer who wrote (14229)	8/24/2000 1:58:41 AM
From: limtex	Respond to of 60323

Aus - You can say that again!! Did we really need to go through what we went through since the end of March? I mean really....... Best regards, L

To: Ausdauer who wrote (14229)	8/24/2000 3:18:24 AM
From: The Prophet	Respond to of 60323

Confirmation that SEG is done, contained in today's (Aug 23, 2000) SEC filing; this likely accounted for the recent SNDK runup: 9. ACCUMULATED OTHER COMPREHENSIVE INCOME The Company records unrealized gains and losses on the mark-to-market of its investments as a component of accumulated other comprehensive income. As of June 30, 2000 and July 2, 1999, total accumulated other comprehensive income (loss) was $86 million and $(7) million, respectively. During fiscal 2000, several marketable equity securities held by the Company including SanDisk Corporation, Gadzoox Networks, Inc., Veeco Instruments, Inc., and Lernout & Hauspie Speech Products N.V. were included in this mark-to-market calculation resulting in a $95 million unrealized gain, net of taxes. No such similar amounts were recorded in fiscal 1999. Such investments are subject to changes in valuation based upon the market price of their common stock. Between June 30, 2000 and August 9, 2000, these investments, excluding the investment in SanDisk which was sold during the same period, had temporarily decreased in fair value by $56 million, net of taxes. In July 2000, the Company sold its remaining investment in SanDisk for net proceeds of approximately $105 million. freedgar.com