10-22-2008, 12:28 PM
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#75
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Behold - the future!
Join Date: Jan 2007
Location: Albuquerque, NM
Age: 58
Posts: 25,193
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Samsung Drops Plan To Buy SanDisk
Quote:
Cites SanDisk�s Q3 Operating Losses
By Joseph Palenchar -- TWICE, 10/22/2008 9:55:00 AM
Seoul, South Korea — Samsung Electronics withdrew its proposal to buy SanDisk just two days after SanDisk announced a third-quarter $250 million operating loss, a 21 percent revenue to $821 million, and plans to significantly reduce its capital expenditures and operating expenses.
San Disk previously rebuffed Samsung’s unsolicited $26/share offer for all of its stock.
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http://www.twice.com/article/CA6607599.html
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