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

To: Jim Greif who wrote (5268)	4/8/1999 12:00:00 PM
From: Michael A. Gottesman	Read Replies (2) \| Respond to of 60323

Anyone else notice this tidbit from the April 2, 1999 SEC filing: "2. To approve an amendment to the Company's 1995 Stock Option Plan which would (i) increase the number of shares issuable under such plan by an additional 3,500,000 shares of the Company's common stock and (ii) implement an automatic share increase feature pursuant to which the share reserve under the Option Plan would be increased on the first trading day in January each calendar year, beginning with calendar year 2002, by an amount equal to four and thirty-six hundredths percent (4.36%) of the total number of shares of the Company's common stock outstanding on the last trading day in December in the immediately preceding calendar year, but not more than a specified maximum number of shares per annual increase. 3. To approve a series of amendments to the 1995 Non-Employee Directors Stock Option Plan, including (i) a 200,000-share increase to the number of shares of the Company's common stock reserved for issuance under that plan, (ii) the implementation of an automatic share increase feature pursuant to which the share reserve under the Directors Plan would be increased on the first trading day in January each calendar year, beginning with calendar year 2002, by an amount equal to two tenths of one percent (0.2%) of the total number of shares of the Company's common stock outstanding on the last trading day in December in the immediately preceding calendar year, but not more than a specified maximum number of shares per annual increase, and (iii) an increase in the number of shares of common stock for which stock options are to be granted to newly-elected non-employee Board members at the time of their election to the Board and an increase in the number of shares of common stock for which continuing non-employee Board members are to be granted stock options on an annual basis under the plan. 4. To approve an amendment to the Company's Employee Stock Purchase Plan which would (i) increase the number of shares issuable under such plan by an additional 300,000 shares of the Company's common stock and (ii) implement an automatic share increase feature pursuant to which the share reserve under the Purchase Plan would be increased on the first trading day in January each calendar year, beginning with calendar year 2002, by an amount equal to forty-three hundredths percent (0.43%) of the total number of shares of the Company's common stock outstanding on the last trading day in December in the immediately preceding calendar year, but not more than a specified maximum number of shares per annual increase." Sounds to me like the possibility of an additional 4 million shares can be issued - not all at once but they are looking to authorize it. How does that compare on a percentage basis to current outstanding shares after the last offering? Anyone know? MAGLAW

To: Jim Greif who wrote (5268)	4/8/1999 12:16:00 PM
From: phoenix	Read Replies (2) \| Respond to of 60323

Jim, Art, Thread I can't believe it. Just heard Bob Pisani on CNBC give a report on the current losers this morning. He described how disk drives were taking a beating. Mentioned several mfrs INCLUDING SANDISK. He included SNDK with the disk drive makers. Art, he mentioned that the word on the floor is that disk drives are being considered a commodity, capacity is increasing at 100% per year, and prices of drives are dropping. This seems to be the reason for todays large dive in the sector. Is it possible that in institutional minds that SanDisk is grouped with the disk drives? If so, maybe its time to take advantage of their ignorance. Or is it that Pisani just doesn't understand? Comments? Roger