SanDisk rejects Samsung takeover bid - bit-tech.net Forums

CardJoe · 18th Sep 2008, 13:44

http://www.bit-tech.net/news/2008/09...takeover-bid/1

SanDisk has rejected a hostile takeover bid worth nearly $6 billion from Samsung, claiming the company is trying to take advantage of a temporary lowering in stock value.

perplekks45 · 18th Sep 2008, 15:11

1st: 26$ = 13£? Not quite right...

2nd and on topic:

Nice SanDisk! Don't give in! I like their SD cards and I love their MP3 players... I don't want Samsung to take over.

mrb_no1 · 18th Sep 2008, 16:38

from my brief knowledge of fighting a hostile takeover bid, samsung should have seen this defence from sandisk coming, offering below an existing share price from no more than 6 months ago, you wouldnt even need to ask major shareholders for their opine on the matter, the offer alone is samsung giving the finger to sandisk as to say we really dont think you are worth that much. A hostile bid needs to offer their shareholders something, offering below a price is not the way to go, maybe if they offer $40-45 per share then sandisk shareholders might just have to say hell yeh, epsecially those major shareholders who stand to make loads of money.

I dont see it as a bad thing either, samsung has money invested in technologies elsewhere so their coming together might not be a bad thing, but maybe we'll just never know.

peace

fatman

Firehed · 18th Sep 2008, 20:21

Good. I bought a couple of Samsung drives a couple of months ago. One just came back from RMA a few hours ago, and the other has seen a couple of issues too (thankfully fixed by a reboot so it may have been a fluke, but it still scared the hell out of me). It's the first and last time I buy their drives. And now I'm going to end up needing a Drobo or something because I'd need a T3 or so before using the online backup services could be effective enough for all of my media - I simply don't have nearly enough upload capacity to deal with the constant file changes.

Samsung's TV sets and such tend to be fine, but I've never had a problem with Sandisk media and I'd like it to stay that way.

And tbh, the last thing we need is an EVEN bigger company to implode with what's been going on the last few days. But I've always vastly preferred small businesses.

cebla · 19th Sep 2008, 01:59

I personally have 8 Samsung HDDs and have recommended them to a number of other people. So far none of us have had any problems. Maybe you were just unlucky or the drives had been ill treated before you got them.

That being said I have had a few problems with Samsung's DVD drives. The most common thing I have observed is a problem where it doesn't keep the tray out for more than a few seconds. So you have to be very quick taking the disk out or putting a new one in.

docodine · 19th Sep 2008, 05:52

All I own by Samsung is an excellent cellphone, and I can't remember any SanDisk purchases. Their MP3 players look pretty cool though, nicely low priced.

18th Sep 2008, 13:44	#1
CardJoe Player Character bit-tech Staff Join Date: Apr 2007 Posts: 7,964	SanDisk rejects Samsung takeover bid http://www.bit-tech.net/news/2008/09...takeover-bid/1 SanDisk has rejected a hostile takeover bid worth nearly $6 billion from Samsung, claiming the company is trying to take advantage of a temporary lowering in stock value. __________________ this is joe's non-bit-tech blog

18th Sep 2008, 15:11	#2
perplekks45 BSc... finally Join Date: May 2004 Location: Vienna, Austria Posts: 3,349	1st: 26$ = 13£? Not quite right... 2nd and on topic: Nice SanDisk! Don't give in! I like their SD cards and I love their MP3 players... I don't want Samsung to take over. __________________ "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far." Blame it on Cheaps! [now a social group]

18th Sep 2008, 16:38	#3
mrb_no1 Pie Eater Join Date: Sep 2007 Location: Pyrford, England Posts: 365	from my brief knowledge of fighting a hostile takeover bid, samsung should have seen this defence from sandisk coming, offering below an existing share price from no more than 6 months ago, you wouldnt even need to ask major shareholders for their opine on the matter, the offer alone is samsung giving the finger to sandisk as to say we really dont think you are worth that much. A hostile bid needs to offer their shareholders something, offering below a price is not the way to go, maybe if they offer $40-45 per share then sandisk shareholders might just have to say hell yeh, epsecially those major shareholders who stand to make loads of money. I dont see it as a bad thing either, samsung has money invested in technologies elsewhere so their coming together might not be a bad thing, but maybe we'll just never know. peace fatman __________________ Core 2 Quad Q6600 @ 3600Mhz ¦ Asus Maximus II Formula ¦ ATI Radeon 4890 (1000Mhz Core + 1200Mhz Mem OC) ¦ 2x2G Corsair Dom. PC 8500 @ 1080Mhz ¦ Aquacomputer WC ¦ Creative X-Fi Fatal1ty ¦ 150G Raptor, 2x1500 + 1x750 + 2x500 Seagate (SATA2) ¦ Pioneer DVD burner ¦ Lian Li - PC 73SL Aluminium Silent Server Case ¦ Dell 2007WFP 20" Widescreen ¦ Logitech Z-5500 5.1 Speakers ¦ Sennheiser HD270

18th Sep 2008, 20:21	#4
Firehed Why not? I own a domain to match. Join Date: Feb 2004 Location: An hour north of Boston Posts: 12,576	Good. I bought a couple of Samsung drives a couple of months ago. One just came back from RMA a few hours ago, and the other has seen a couple of issues too (thankfully fixed by a reboot so it may have been a fluke, but it still scared the hell out of me). It's the first and last time I buy their drives. And now I'm going to end up needing a Drobo or something because I'd need a T3 or so before using the online backup services could be effective enough for all of my media - I simply don't have nearly enough upload capacity to deal with the constant file changes. Samsung's TV sets and such tend to be fine, but I've never had a problem with Sandisk media and I'd like it to stay that way. And tbh, the last thing we need is an EVEN bigger company to implode with what's been going on the last few days. But I've always vastly preferred small businesses. __________________ hire me @ eric-stern.com - web developer and php ninja pics @ my smugmug :: Twitter @firehed :: blog @ firehed.net 40D\|580EXII\|285HV\|AB800\|70-200f/4LIS\|17-50f/2.8\|150f/2.8Macro\|50f/1.8 MacPro @ 8x2.8GHz, 10GB FBDDR2, 3TB HD :: MBP @ 2x2.2GHz, 4GB DDR2, 320GB HD

19th Sep 2008, 05:52	#6
docodine Ultramodder Join Date: Feb 2007 Location: Illinois Posts: 1,494	All I own by Samsung is an excellent cellphone, and I can't remember any SanDisk purchases. Their MP3 players look pretty cool though, nicely low priced. __________________ Armagetron Advanced! ~~[ Cooler Master Elite 310 \| Intel E5200 \| Zotac 9600GT \| broken MSI G31 mobo \| Corsair 2x2GB DDR2-667 ]~~

19th Sep 2008, 01:59	#5
cebla Multimodder Join Date: Sep 2004 Location: Canberra, Australia Posts: 107	I personally have 8 Samsung HDDs and have recommended them to a number of other people. So far none of us have had any problems. Maybe you were just unlucky or the drives had been ill treated before you got them. That being said I have had a few problems with Samsung's DVD drives. The most common thing I have observed is a problem where it doesn't keep the tray out for more than a few seconds. So you have to be very quick taking the disk out or putting a new one in.