Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

SNDK owners get saddled with big time off balance sheet debt for Flashvison fab announced today.
I see more stock offerings in SNDK's future to pay for fab. Wall Street will start love fest anew with SNDK whenever it suits them. They are the MU of the 21st century.

Yesterday I was in Eisenhouser Nixon era about deficit spending now I am seeing late 80's all over again with investment in memory fabs.

http://biz.yahoo.com/bw/031203/26032_1.html

USD $1.9 billion at the current conversion rates) in the period through the end of FY2005. Toshiba will fund construction of the building, while both Toshiba and SanDisk will provide funds for the manufacturing equipment. Once on line, the facility will be operated by FlashVision, Toshiba and SanDisk's joint venture for NAND flash memories. The parties will soon commence negotiations of terms of a cooperation agreement for Fab 3 at Toshiba's Yokkaichi operations