WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 272.61

+8.9%

3:09 PM EST

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To: Jim Greif who wrote (6493)	7/23/1999 12:43:00 PM
From: Art Bechhoefer	Read Replies (1) of 60323

Jim, I don't think it's so much the small size of the float as it is the relatively small numbers of institutional holdings of large amounts of the stocks. Larger volume transactions can skew the price because they constitute a greater percentage of the outstanding shares. As the company gains book value and market capitalization, regardless of whether there's a split or not, this kind of volatility will probably subside. After all, the volatility here is nothing compared to stocks like AMZN, with far more shares. Also, there still is a lot of uncertainty over the ability to capture market share and the ability to fight off patent challenges. Once these issues are resolved, we'll see the stock settle down and probably turn into the kind of investment a prudent investors would want to accumulate and hold for the next ten years.

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