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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST
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To: Don Hess who wrote (8675)1/14/2000 9:28:00 AM
From: Art Bechhoefer  Read Replies (2) of 60323
 
Don and OT, a minor correction. Stocks are valued at the LOWER of cost or market value. You can see the significance of the accounting formality when you look at Seagate, whose holdings of companies, including Veritas and SanDisk, are worth more than the market value placed on Seagate stock. You might wonder why Seagate stock doesn't sell at a higher level. Probably because this largest disk drive maker is running losses on its main business.
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