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

To: limtex who wrote (1822)	11/25/1997 1:21:00 PM
From: Mike Winn	Respond to of 60323

Ian, This is the secondary price: UNDERWRITING PRICE TO DISCOUNTS AND PROCEEDS TO PUBLIC COMMISSIONS(1) COMPANY(2) -------- -------------- ----------- Per Share................... $28.00 $1.40 $26.60 Total(3).................... $84,000,000 $4,200,000 $79,800,000 The company will get $26.60 per share. I don't think Sandisk is that desperate to dump the shares on the market at any price. But the market price can still go lower than the secondary price because people are selling. I assume that Sandisk will hang on to the remaining secondary shares and wait for the price to go back up before selling more.