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

To: JOE W who wrote (1338)11/5/1997 5:23:00 PM
From: Sam  Read Replies (2) | Respond to of 60323
 
FWIW, I agree with Joe and Bobby on the buyout--too much happening too fast, too much uncertainty for now with enormous potential. This is a stock to buy now and forget about for a couple of years. They could be huge winner to pay 20% cap gains on. Better, IMO, not to have a buyout, assuming that SNDK can finance and execute a proper expansion of capacity, or find second sources a la Intel in the 80s to make up for any shortages.

RE: Seagate. They have owned 25% for some time now. I seem to recall reading that they lifted their stake last spring, but I may be mistaken. In any case, I never read what they lifted their stake to.

Regards,
Sam



To: JOE W who wrote (1338)11/5/1997 6:56:00 PM
From: Michael C. Woodward  Read Replies (2) | Respond to of 60323
 
Seagate held 25% of Sandisk stock before Sandisk did its IPO. I held some treasury stock before the IPO and received a letter from Sandisk stating that Seagate did not want to experience dilution as a result of the IPO. Seagate bought at the IPO and still maintains 25% of the stock.


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