Last year, Korea's Samsung Electronics Co. Ltd. launched a hostile takeover bid for SanDisk. Apparently, Samsung--and Toshiba Corp.--are now looking at making a bid for SanDisk, according to sources.

Samsung and SanDisk declined to comment. Toshiba did not reply to an e-mail.

Jim Handy, an analyst with Objective Analysis (Los Gatos, Calif.), said he is ''skeptical'' that SanDisk will get acquired in the near term.

Money talks, however. Samsung is willing to buy SanDisk at $25.00 per share, Handy said. SanDisk wants $60.00 a share, he added.