Earnings: SanDisk: Samsung ‘Significantly Undervalues’ Our Company And IP

imageSanDisk (NSDQ: SNDK) tried to take care of a lot of different business with Monday’s earnings report and call, including announcing aggressive cost cutting, but it all came down to trying to show that the company is on the right track as it deals with an unwanted offer of $26 per share from Samsung. SanDisk chairman and CEO Eli Harari told analysts he wouldn’t take questions on the offer and that the company remains “open-minded” to a deal at the “right price” and the “right protections” but that it has not heard from Samsung since the offer. Harari (via transcript from Seeking Alpha: “Our board strongly believes that Samsung