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Technology Stocks : WDC/Sandisk Corporation
WDC 177.26+6.6%2:34 PM EST
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To: orkrious who wrote (6648)8/17/1999 8:12:00 PM
From: Starlight  Read Replies (2) of 60323
 
Since the proceeds are going into expanding the business (and not into the pockets of the execs), I don't see it causing a drop in the stock.

>>>Sandisk, which shipped more than one million flash memory cards and flash chip sets in the quarter ended June 30, said it will use the net proceeds from its shares sold to obtain additional silicon wafer foundry capacity, for working capital and general corporate purposes. <<<<<
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