WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 200.46

+6.8%

Jan 9 9:30 AM EST

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To: Sam who wrote (12906)	7/14/2000 9:38:16 AM
From: Ausdauer	of 60323

Sam, if the math is corrected for the inadvertent doubling of shares in the March quarter... ...SEG got about $75.00 per share (adjusted for the split), or twice what I originally calculated ($38.00). Recall that SNDK shot up to $140.00 late January after the Q1 results and split announcement. That corresponds to about $70.00/share post-split. I suspect Seagate unloaded a bunch of shares at that time as it was already more than double the secondary offering price of $68.00 pre-split. THE BOTTOM LINE IS THAT SEAGATE OWNS ONLY 1,607,748 SanDisk SHARES AND CANNOT INDEPENDENTLY WRECK OUR TECHNICALS ANYMORE. As far as I am concerned the information released in the SEC filing yesterday and corroborated in the Seagate c.c. is very reassuring. Ausdauer

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