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Tuesday, September 16, 2008

Toshiba talks of counter-bid for Sandisk

This is strange as Samsung hasn't made a bid yet, but buried in an article on the tape:


"We need to take preventive steps, if (SanDisk) looks like

it'll be acquired," Corporate Senior Vice President Shozo Saito

told reporters on the sidelines of the Industry Strategy and

Technology Forum on Tuesday.

When asked about the possibility of a bid, he said Toshiba

"was interested" but added that it was not in concrete talks.


Sandisk is going to have a disaster of a quarter. No hurry here.

[5:36pm: Samsung had in fact already made an undisclosed bid.]

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