WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 174.21

+6.9%

Nov 10 3:59 PM EST

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To: Craig Freeman who wrote (9232)	2/19/2000 10:03:00 PM
From: Ausdauer	Read Replies (1) of 60323

Dear Craig, FREE HEAD EXAMINATION WITH EVERY SHARE OF LEXAR MEDIA STOCK PURCHASED. *************OFFER GOOD ONLY FOR THE UPCOMING IPO************* Your summary of the Lexar filing inspired me to read it in detail. My first impression is that the IPO was designed to bail out their big investors and management. Not only would it line certain pockets with gold, it would breath life back into this monster. The Lexar IPO is the only option they appear to have to finance the amount of growth expected in 2000. They need operating cash for the purchase of key elements of their CF product. Without core competencies in flash production they are in an extremely weak position. Now they may not have cash to pay for next quarter's orders. I can see the letter from Toshiba America right now... Dear Mr. Lexar, Your last payment is now 60 days overdue. You have been placed on our "doubtful" account list. Please remit the overdue balance immediately or we will be unable to fulfill your request for next quarter. Yours, Mr. Toshiba Nobody with a modicum of intelligence would invest money in Lexar. It would require a total ignorance of the issues at hand (discussed in great detail in the registration statement) and a complete lack of knowledge of market forces in this industry. If Sony really believed that this company would be an important force for the production of Memory Stick they would have fronted them the money or made an investment in the company to insure its success. Oh yeah, I forgot this... $2.53/share loss in a year when sales grew exponentially over the past 16 quarters? Do you need your head examined!?! Ausdauer

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