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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dr_elis who wrote (41981)	12/3/2008 4:42:42 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95617

SanDisk shares soar 25% on Toshiba buyout talk 4:18 PM ET 12/3/08 \| Marketwatch SAN FRANCISCO (MarketWatch) -- Shares of SanDisk Corp. soared more than 25% Wednesday on speculation that Toshiba Corp. was considering buying the chip maker. SanDisk (SNDK) gained 25.1% to close at $9.02 after OptionMonster.com reported talk of bid by Toshiba for the company. Toshiba (TOSBF) is Japan's largest chipmaker. A SanDisk spokesman said the company does not comment on rumors or speculation, and an analyst said a merger between the two giants is unlikely. But the market reaction underscored concerns about SanDisk's ability to survive as the memory-chip industry reels from the double-whammy of an uncertain economy and a market glut in NAND Flash memory products. SanDisk is widely viewed as potential target. In October, the company's shares plunged after Samsung Electronics (SSNLF) pulled its offer to buy the company. SanDisk had said its board was open to discussing the deal, but suggested that Samsung was insincere in its merger proposal. Analyst Edwin Mok of Needham & Company said he doesn't see Toshiba (TOSBF) making a bid for SanDisk saying, "I don't think they can get the financing."