Wall Street hated this number, but I said it's enterprise value was worth much more than the price of the stock and you needed to buy it.
http://aaronandmoses.blogspot.com/2008/08/sandisk-pops-as-advertised.html
Samsung now says it is interested in acquiring the company:
SEOUL -- South Korea's Samsung Electronics Co. Friday said it is looking at various ways of tying up with SanDisk Corp., including a possible acquisition of the world's largest flash-memory card maker by revenue.
Analysts said an acquisition, if it pushes through, could help Samsung cut the amount of royalties it pays to SanDisk, and could further tighten its control of the global flash memory market.
"We're looking at various tie-up plans with SanDisk, including an acquisition, but nothing has been decided for now," Samsung, the world's largest maker of memory chips by revenue and units, said in a regulatory filing.
SanDisk currently gets most of its flash memory chips from its joint venture partner, Toshiba Corp., although Samsung is also among its suppliers.
"If Samsung succeeds in acquiring SanDisk at a reasonable price, this will be positive for both the overall memory market as well as for Samsung," said C.W. Chung, an analyst at Lehman Brothers. "We may take this type of M&A activity as a signal that shows the memory market has reached its bottom [in terms of prices]."
http://online.wsj.com/article/SB122059515297303493.html?mod=yahoo_hs&ru=yahoo
I'll take it! The 28 million shares short will have to too!
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