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

To: Art Bechhoefer who wrote (27890)	4/12/2005 11:17:38 AM
From: Pam	Respond to of 60323

Hi Art, If this were a great bargain for the preferred shareholders (a private placement not available to the public), I'd go out and buy Lexar common stock and share in the bounty. But I'm in no hurry. Of course you wouldn't buy Lexar shares because you DO NOT have the cushion of a hefty 5.625% yield on your investment in Lexar stock while you are waiting for it to rise. Also, keep in mind that this is an unsecured debt but it still has precedence over common shares in case the company has to be liquidated. There is still a chance that the private placement folks can lose money on this deal but I would put a low probability on it. This is a good deal for the debt holders no matter how you look at it. -Pam