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

To: Sam who wrote (1071)	10/23/1997 11:53:00 AM
From: Jim Cash	Read Replies (1) \| Respond to of 60323

<<But, contrary to what some others on this thread have said, I still think that it is possible that Seagate would finally buy all of SNDK>> And maybe SNDK offiicals recognize this and will use proceeds of the offering to reduce Segates position.

To: Sam who wrote (1071)	10/23/1997 3:15:00 PM
From: ED PLOPA	Read Replies (1) \| Respond to of 60323

Sam: Thanks for your input concerning my current analysis. So, you think Seagate doesn't need the money? OK. Then, it's the Company and the insiders doing the selling. Mike's post shows that insiders have already sold some. So....does that mean that the weight of the offerring shifts more towards Company and less towards insiders? So the secondary then evolves into two divergent hypotheses. 1>. Dilution of 5% remains constant and less $ are raised. 2>. Same amount of $ raised, resulting in greater than 5% dilution. To help me here, does anyone want to take a stab at what they think the $ amount of the offerring may be? Even a range would do for my purposes. Objectives of this exercise are to attempt to quantify potential dilution and the amount of proceeds available to the Company. From there we might be able then to figure out what they need the money for. It might be for an acquisition, but if they're interested in a company, why not just paper them with stock? In regards to Seagate: maybe it's to ward off a potential takeover by them. Sam, do you know anything of the SanDisk/Seagate relationship as to when and how it started and whether it is currently a friendly or strained one? Ed Plopa