Page 1 of 2
SanDisk (SNDK)
Posted:
Wed Sep 17, 2008 10:32 amby blid2def
Ugly URL, shortened:
http://tinyurl.com/6mcgvqExtract here; visit the MarketWatch site for full report.
Samsung makes $5.85 billion bid for SanDisk
Flash-memory firm rejects offer, says it 'does not provide appropriate value'
By Dan Gallagher, MarketWatch
Last update: 7:19 p.m. EDT Sept. 16, 2008
SAN FRANCISCO (MarketWatch) -- Samsung Electronics said late Tuesday that it has offered to acquire SanDisk Corp. for about $5.85 billion, capping several days of speculation about a potential combination of the two companies.
In a letter to SanDisk, Samsung said it was reiterating a previous offer to buy the company for $26 per share in cash, in a deal that would not be contingent to financing arrangements.
But SanDisk rejected the deal in its own statement Tuesday.
SanDisk Chief Executive Eli Harari said that Samsung's acquisition offer "does not provide appropriate value to our stockholders and is opportunistically timed at the trough of an industry-wide downturn."
Samsung had said in its letter that it's "deeply disappointed" that SanDisk "continues to cling to unrealistic expectations on both its standalone market value and an appropriate merger price." The letter said the two companies have been in talks for the past four months.
Shares of SanDisk surged more than 50% in after-hours trading on Tuesday, to $22.85. The stock had closed the regular session up 4.4% at $15.04.
Re: SanDisk SNDK
Posted:
Wed Oct 22, 2008 10:05 amby iam802
It's gone.
Samsung Electronics Scraps Plans to Acquire SanDisk
http://www.bloomberg.com/apps/news?pid= ... refer=home...
``After nearly six months of efforts to pursue a transaction with no meaningful progress, we are withdrawing our proposal to acquire SanDisk,'' Lee Yoon Woo, Samsung's chief executive officer, wrote in a letter to SanDisk Chief Executive Officer Eli Harari ``We squarely face the growing uncertainties in your business, which may continue to deteriorate in this difficult economic environment and further impact your standalone value.''
...
Re: SanDisk (SNDK)
Posted:
Wed Oct 22, 2008 10:17 amby blid2def
In other words, "we'll wait till your share price collapse further, then make you a cheaper offer..."
Re: SanDisk (SNDK)
Posted:
Wed Aug 18, 2010 11:43 pmby iam802
Sandisk's 64GB integrated SSD is no bigger than a wafer-thin mint
http://www.engadget.com/2010/08/18/sand ... -thin-min/
Re: SanDisk (SNDK)
Posted:
Wed Sep 23, 2015 7:32 pmby winston
not vested
Tech Bargain No. 3: SanDisk Corp. (Nasdaq: SNDK)
The Silicon Valley's SanDisk Corp. (Nasdaq: SNDK) remains the leading maker of flash memory for electronic devices – cameras, mobile phones, laptops, and tablets, just to name a few.
But it's the company's long-term vision that's so exciting. You see, SanDisk intends to become a major player in data centers for cloud computing.
Last year, it acquired cloud data storage firm Fusion-io. And among its all-star client list are heavy hitters like Apple and Facebook Inc. (Nasdaq: FB).
Companies are moving to flash storage because data can be retrieved about 20 times faster than from conventional hard disk drives. IDC says companies will spend more than $40 billion in 2015 on storage hardware alone.
With a roughly $11 billion market cap, SanDisk TRADES at $53.
It has 17% operating margins and last year generated more than $1 billion in free cash flow.
Source: Money Morning
Re: SanDisk (SNDK)
Posted:
Thu Feb 19, 2026 3:32 pmby behappyalways
Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake
https://www.zerohedge.com/technology/me ... tock-stake
Re: SanDisk (SNDK)
Posted:
Mon Apr 27, 2026 6:29 pmby winston
The $600 Billion Buy Signal For SanDisk Stock
by Jeffrey Neal Johnson
Key Points
SanDisk Corporation is set to join the flagship Nasdaq-100 index, triggering a period of mandatory institutional purchases by diverse passive funds.
Robust demand for specialized memory storage solutions creates a strong operational foundation for SanDisk as it supports new global technology trends.
Leading analysts have recently raised their expectations for SanDisk due to its dominant market position and its essential role in modern infrastructure.
Source: Market Beat
Re: SanDisk (SNDK)
Posted:
Wed Apr 29, 2026 2:35 pmby winston
not vested
SanDisk had just reported $3 billion in revenue and then guided for $4.4 to $4.8 billion the next quarter (a 50% sequential leap over just 90 days).
Source: Forbes
Re: SanDisk (SNDK)
Posted:
Sat May 02, 2026 6:46 pmby winston
not vested
SanDisk Earnings Crush Estimates With 251% Revenue Surge
by Ryan Hasson
Key Points
SanDisk's fiscal Q3 2026 revenue of $5.95 billion rose 251% year over year, easily topping the $4.55 billion consensus estimate.
The company signed five multi-year customer agreements, with over a third of fiscal 2027 bit supply already contracted, providing durable revenue visibility.
Despite guiding fiscal Q4 revenue of $7.75 billion to $8.25 billion, well above consensus, SNDK shares declined modestly in after-hours trading.
Source: Market Beat
Re: SanDisk (SNDK)
Posted:
Sat Jul 11, 2026 10:33 pmby winston
not vested
SanDisk Stock Is Trading Like The Memory Cycle Is DeadSource: Trefis
The company's data center revenue grew 233% sequentially, a direct result of AI models requiring vast amounts of high-speed flash memory to function.
The company announced it has signed five multiyear partnerships with customers, locking in future demand. These aren't flimsy handshakes.
The deals are backed by financial guarantees that exceed $11 billion and represent minimum contractual revenue of approximately $42 billion.
Add in a newly authorized $6 billion share buyback program, and you have a company acting with supreme confidence.
https://finance.yahoo.com/markets/stock ... 18064.html