WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 181.08

+3.5%

Dec 19 9:30 AM EST

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To: Art Bechhoefer who wrote (6618)	8/15/1999 9:22:00 AM
From: NHP	Read Replies (2) of 60323

>Berkshire Hathaway started buying GEICO (insurance) back in the late 70's and never sold.< Art, I remember it well! This is certainly an individual case of "blood on the streets". I was participating in a tennis tournament at one of the CCs in the DC area. At lunchtime I was seated at a table along with a GEICO board member and others. He was taking a good-natured ribbing from some of the people at the table because GEICO stock had fallen all the way down to $2/share, and the future didn't look that bright. I thought that he looked a little embarrassed! --- Gotta give Buffett a lot of credit! If I were to make a comparison between GEICO and Sandisk, it would have to be for last year when Sandisk was bumping between 5 and 6. One difference, if my memory serves me, is that GEICO had negative earnings when it was being bloodied. NHP

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