Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bargain Hunter who wrote (21345)	12/19/2001 10:25:45 AM
From: Jason Rooks	Read Replies (1) \| Respond to of 60323

Press Release SOURCE: SanDisk SanDisk Corporation to Offer $100 Million of Convertible Subordinated Notes SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 19, 2001--SanDisk Corporation (Nasdaq:SNDK - news) announced today that it intends to offer in a private placement, subject to market and other conditions, $100 million in convertible subordinated notes due 2006 in an offering to qualified institutional buyers. The interest rate, conversion rate and offering price are to be determined by negotiations between SanDisk and the initial purchasers of the notes. The offering is expected to close in December 2001. The company intends to grant the initial purchasers a 30-day option to purchase an additional $20 million of notes. The net proceeds of the offering will be used for general corporate purposes, including the development of new technologies and fabrication facilities, general working capital and capital expenditures. We may also use a portion of the net proceeds to fund acquisitions of products, technologies or complementary businesses. However, we currently have no commitments or agreements for any specific acquisitions. This announcement is neither an offer to sell nor a solicitation to buy any of these securities. The securities will not be registered under the Securities Act of 1933, as amended (the ``Securities Act''), or any state securities laws, and unless so registered, may not be offered or sold except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws. SanDisk, the world's largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA. SanDisk's web site/home page address: sandisk.com.