http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/ Engadget Comments for Samsung makes a hostile bid for SanDisk http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:16PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:21PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
on subject, i like SanDisk! NO SanDisk for Samsung!]]>Sep 16th 2008 6:37PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
The majority of their revenue is IP and royalty payments, most of which come from Samsung in the tune of around $414 million for this year. If they are taken over then clearly they won't need to pay that sum. So any money Sandisk can make off the sale (which is expect to be over a billion), the amount has to be subtracted from the loss of revenue it'll get from royalties (also, think it expects to get $303million from Samsung next year). For Samsung it makes a lot of sense (what they pay is larger then the market cap of the company), but for Sandisk not so much (hence the rejection of the bid).

Also, there is the situation with the joint operations Sandisk has started with Toshiba. A situation that perhaps can get ugly if handled poorly.]]>Sep 16th 2008 10:22PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:17PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 7:57PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 12:37AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
[sigh]]]>Sep 16th 2008 6:24PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
too easy...]]>Sep 16th 2008 6:35PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
Prop. tech sucks (thanks for all the memories Sony and Apple).... generic standards regulated by the industry as a whole for the win! :D]]>Sep 16th 2008 7:55PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 8:49PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/If you don't recall, MemoryStick is a joint operation by SanDisk and Sony... Sony's not the only brains behind the stupid memory format.]]>Sep 17th 2008 12:16AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
Then they'll be evil AND weak. (Like Grima Wormtongue)]]>Sep 16th 2008 6:26PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/And kinda scary.]]>Sep 17th 2008 9:52PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:40PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:38PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 7:45PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:41PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:41PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 12:40AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/I've had it with this company]]>Sep 16th 2008 6:42PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:58PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
Also, off topic, but why did phanbouy get banned (possibly) just for 1 silly post, while it took ages to ban Clak and iEye and iPhone, and Flashpoint nor the other iPhone haven't been banned yet?]]>Sep 16th 2008 6:46PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 7:04PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 8:05PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 8:06PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 8:11PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 1:09AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 1:10AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 6:49PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
http://zollotech.com/content/samsung-seeks-serious-sandisk-assimilation

Monopolies are never a good thing. I wonder why they are choosing this route? To increase profits or crush the competition?]]>Sep 16th 2008 7:09PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 8:44AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
I am a SanDisk stock holder. I've taken a huge loss on the stock in the past months, and this buyout won't even come close to make up my losses, but at least it's something!]]>Sep 16th 2008 9:21PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 11:12PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 9:24PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 16th 2008 10:52PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
*1 hour later*

"...IBM, Hitachi, Cisco Systems, or Intel product ever again, because they're ALL capitalist douchebags just like Samsung!"]]>Sep 17th 2008 1:03AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/
Kid, please learn the difference between "capitalism" and "monopolizing" before you start running your fingers across that keyboard. ]]>Sep 17th 2008 8:00PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 18th 2008 12:46AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/"...we remain prepared to acquire all of the outstanding shares of SanDisk for $26 per share in cash. As you know, our proposal is not subject to any financing contingency and the entire purchase price will be funded with our cash on hand and available financing"

Under M&A regulations, the acquirer must provide evidence of certainty of funding. This is a means of ensuring the acquirer is serious about their offer, and also to provide a guarantee to the target shareholders that their decision to accept the offer will be executed. 99.9% of the time, the acquisition is funded by third party loans. In Samsung's offer, they're basically saying, "... listen fool, we dont need to borrow money, we have enough cash just sitting around to buy you out... quit the games and just fold already..."

I wish I had some loose change sitting around to make a $5.8 billion hostile takeover.]]>Sep 16th 2008 11:16PMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 3:29AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/I'm using an iPhone ]]>Sep 17th 2008 4:19AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 6:30AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 9:25AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 17th 2008 9:55AMhttp://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/http://www.engadget.com/2008/09/16/samsung-makes-a-hostile-bid-for-sandisk/Sep 19th 2008 2:53AM