- "From the start of this process SanDisk's Board has remained open to a transaction that recognizes SanDisk's long-term value and contains the right protections for SanDisk's shareholders. We repeatedly outlined a clear path to hold further discussions, including most recently in our letter on September 15, and Samsung consistently chose to ignore that path and, in fact, never contacted SanDisk regarding their proposal after we delivered our letter. We believe this raises questions about the real motivations behind Samsung's offer."

Other headlines for [SNDK]

• Yesterday 10:53pm
  According to iSuppli, 2008 global DRAM revenue declined by 19.8% y/y to $25.2B- This will mark the second year of sales declines as revenues in 2007 declined by 7%.
  
• Yesterday 11:48am
  Hearing JP Morgan cautious on DRAM and NAND sector; does not expect recovery in sector in 2009- JP Morgan says channel checks show "trading volume in the spot market is very small and price more...
  
• 1/5/2009 11:25pm
  According to DRAMeXchange, on Tuesday the avg spot price of the mainstream 1-gigabit double-data-two chip rose by 1.3% to $0.78 from $0.77 on Monday- The rise follows reports that Samsung Electronics more...
  
• 005930.KS 1/4/2009 07:08pm
  Samsung Electronics The company may seek to lower its 2009 CAPEX for semiconductors by more than 50% vs 2008 levels - Korea Times- In 2008, the company's CAPEX totaled KRW6.2T and Samsung may have a 2009 CAPEX of more...
  
• 1/2/2009 06:01am
  SIA Semiconductor agency notes that sales fell in Nov to $20.8B v $23.1B y/y- ''Worldwide economic crisis is having an Impact on demand for Semiconductors' and not all segments of the industry are more...
  

Technology sector headlines

• DTV Today 06:04pm
  The DIRECTV Group Inc Statement on KXJB- DIRECTV issued the following statement today: We have been attempting to negotiate in good faith with the owners of KXJB, (the Fargo-based CBS affiliate) but to date their carriage more...
  
• SAY Today 05:23pm
  Satyam Computer (ADR) The government of India has ordered a probe related to the accounting of 8 of the company's units - Press Trust of India- The action will impact Satyam's Maytas Properties, Maytas Infrastructure, more...
  
• AMD Today 05:17pm
  Advanced Micro Devices Inc The company has entered into a pact with Dell for the Dragon PC chip set - WSJ
  
• AMD Today 05:14pm
  Advanced Micro Devices Inc WSJ reports that the company plans to build a supercomputer to process and electronically distribute games- The supercomputer would end the need for specialized hardware and software; plans to more...
  
• WSCI Today 05:06pm
  WSI Industries, Inc. Reports Q1 $0.04 v $0.14 y/y, R $6.0M v $6.0M y/y