SanDisk Corp. Message Board

Stealth,

Got out in the low 13's.. thanks to the Xmas rally, support from the CES show and the expected signing in January of the Toshiba and SNDK verbal venture agreement where SanDisk Corp. agreed to sell some of the manufacturing capacity of its joint ventures with Toshiba Corp.

In addition, Toshiba said in February it and partner SanDisk Corp would invest a total $18.7 billion to build two NAND flash memory chip plants in Japan.

This would have translated to about a $1 billion in cash and reduced leasing costs for SNDK.

As you know, these plans have been delayed or scratched, production was cut by 30% and Toshiba's announcement to buy Fujitsu Hard-Disk Drive Unit, although might be good for Toshiba bottom line, it is definitely not good for SNDK.

Therefore, we are not receiving the $1 billion in cash and reduced leasing costs. We have cut production by 30% percent increasing our production costs per unit, our flagship SSD product is not going to be implemented as revealed by Toshiba's actions who chose to go with the current technology at cheaper prices.. This all amounts into less sales and more losses for SNDK.

You stated.. "SNDK is still up 100% while the rest of the market has given up most of their gain" My advise to you is to take that 100% profit before it evaporates..

We had our run, "if" things would have worked out in our favor we would probably be much higher.. However, the street is starting to paste things together and is realizing the tide we were once riding has strongly turned against us as there is nothing on the horizon but higher losses and postponed demand for SSD's . Good Luck

They have not officially announced the renewal to the public, yet if one can't figure out why the stock has rallied over 100% off it's bottom without using the excuse "oversold", they have to have their head examined. Wall Street ran this up ahead of the official announcement, yet many people here will call me names because they're desperate little turds thinking the stock is going to $20 once the news becomes public. Greedy turds aren't happy enough with making 50-100% in a month off this stock, so they dream to dream bigger greed.

there is no documentation because this is pure speculation (read bull shit)

the koreans will wait til the very end and then some- next year in courts after they steal IP and are sued by sndk- then they will be forced to renegotiate at that time by the judge

There is no new agreement yet in place for Samsung. It should be done till August 9 ( as I read on this forum ). I may be wrong.

jerseycrooner, turd, I have been right so far, deal with it! Also, yes, the Samsung renewal is already built into the current stock price. Deal with it! Consumers are buying less and less of electronic gadgets, not to mention oversupply will continue to exist as well as soft demand. Deal with it!