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

To: Ausdauer who wrote (2865)	4/22/1998 11:21:00 PM
From: Craig Freeman	Read Replies (2) \| Respond to of 60323

Read your annual report carefully! Page 9 tells us that SEG has a 24% stake in SNDK but has obtained the "option" to control no less than 33% of SNDK's output. As I read the agreement, it means, among other possibilities, that as of 1/99 ... if SNDK determines that it can sell 16MB flash at a production cost of $60, and SEG decides that it can "sell" them for no more than $1 each, then SNDK would be obliged to sell their $60 chips to SEG for $1 each .. until SEG has consumed 1/3rd of SNDK's world-wide production. That much was in print and the rest, we can only guess. READ IT AND WEEP! "Willing to trade: SNDK shares for BRxx goldmining shares. Accept my offer and you trade bankruptcy court for SEG's promises. Any takers? Craig