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Media Says Samsung Isn't Done with SanDisk

Samsung called off its $5.85 billion offer to acquire chipmaker SanDisk on Wednesday. But the move looks less like Samsung walking away from a deal as it does the beginning of a hard-fought -- and public -- negotiation process.

My thought is that Samsung is playing hardball," says Robert Katz, a portfolio manager at Senvest International, one of the top 20 institutional owners of SanDisk shares. The timing of Samsung's announcement is no coincidence. On Monday, SanDisk reported another large quarterly loss and said it would shore up its balance sheet by selling 30% of its chip manufacturing capacity to Toshiba, pushing SanDisk's stock down nearly 12%.

The Street

Posted by | Thu, Oct 23, 2008 - 01:20 AM