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

To: Jerome Wittamer who wrote (1695)	11/19/1997 8:48:00 AM
From: Lee	Read Replies (1) \| Respond to of 60323

SanDisk Corporation Commences Public Offering for 3,000,000 Shares of Common Stock Wednesday November 19, 7:59 am Eastern Time Company Press Release SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 19, 1997--SanDisk Corp. (NASDAQ:SNDK - news) announced today that it commenced its public offering of 3,000,000 shares of its common stock at a price of $28.00 per share, which will result in net proceeds to the company of approximately $79.4 million. All of the shares are being sold by the company. The shares are being offered by an underwriting group managed by Morgan Stanley Dean Witter, Goldman, Sachs & Co., and BancAmerica Robertson Stephens. The underwriters have been granted an option to purchase 450,000 shares to cover over-allotments, if any. SanDisk intends to use the funds from the offering for general corporate purposes, including working capital, product development and capital expenditures. A portion of the net proceeds may also be used to procure additional wafer supply arrangements with foundry partners, to acquire or invest in complementary businesses or products or to obtain the right to use complementary technologies. SanDisk Corp. designs, develops and markets flash memory data storage products used in a wide variety of electronic systems. The company has optimized its flash memory storage solution, known as ''system flash,'' to address the needs of many emerging applications in the consumer electronics and industrial/communications markets. SanDisk's products include removable CompactFlash products and FlashDisk cards, and embedded FlashDrives and Flash ChipSet products. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the offered shares, nor shall there be any sale of the offered shares in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State. A copy of the prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036; Goldman, Sachs & Co., One New York Plaza, New York, NY 10004; and BancAmerica Robertson Stephens, 555 California Street, San Francisco, CA 94104. Contact: SanDisk Corp. Cindy Burgdorf, 408/542-0577 More Quotes and News: Sandisk Corp (Nasdaq:SNDK - news) Related News Categories: computer hardware, computers Help Copyright c 1997 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. Important Disclaimers and Legal Information Questions or Comments?

To: Jerome Wittamer who wrote (1695)	11/19/1997 11:06:00 AM
From: Mike Winn	Respond to of 60323

I am happy to see the secondary monkey getting off our back. Hopefully, this stock will get the promotion it deserves after the secondary is completed. Jerome, I meant Sandisk is not featured in the "New America" page of the IBD for a long time. THC, Sandisk got 38 patents on flash. They are smart enough to cover every aspect of CompactFlash that all the companies making CF are paying them royalty. One company, Samsung, tried to circumvent Sandisk and ended up paying a dear price (banned from importing flash into the U.S. until Samsung gave in and agreed to pay royalty).