Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: limtex who wrote (3474)	7/6/1998 1:01:00 AM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Limtex, the exact text from SNDK's offering is shown below. The only thing SNDK definitively commits to doing with the money is to earn some interest: "The purpose of this offering is to obtain additional capital to fund the growth of the Company. The Company intends to use the net proceeds from this 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. The Company has no current plans, agreements or commitments with respect to any such procurements, acquisitions or investments, and the Company is not currently engaged in any negotiations with respect to any such transactions. Pending such uses, the Company plans to invest the net proceeds in investment grade, interest-bearing securities." Craig