Well, that didn't take long: After four months, Samsung's fellow Flash memory manufacturer, SanDisk, has gone from zero to hostile. Responding to SanDisk's "unrealistic expectations," the company has opted to play hardball, with a $26/a share hostile bid.

SanDisk's board has once again rejected Samsung's bid, thanks to all of that undervaluing on Samsung's part.

Perhaps Toshiba or Seagate will up the ante.