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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+1.5%Nov 26 3:59 PM EST
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To: Ausdauer who wrote (7893)10/29/1999 8:35:00 PM
From: orkrious  Read Replies (1) of 60323
 
Aus, secondaries almost always price at the closing price from the prior close. Consequently, if it prices tonight or Monday a.m., SNDK can expect roughly $60/share.

With companies whose business prospects may be peaking within a few months, the dilutionary effect of secondaries usually drags the stock down. In a company like SNDK whose business prospects are set to explode, I think the secondary (in this case only 10%) will be absorbed without so much of a hiccup. IMHO this is especially true because the stock already was dragged down by the Taiwan earthquake. The people buying now are getting a bargain, and the underwriters should have an easy sell to their clients.

I think we can look at the bottom in our rearview mirror.

Jay
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