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Technology Stocks : WDC/Sandisk Corporation
WDC 160.04+5.2%3:59 PM EST
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To: Binx Bolling who wrote (9850)3/27/2000 5:02:00 PM
From: Binx Bolling  Read Replies (1) of 60323
 
"Historically, a majority of our sales have been to a limited number of customers. Product sales to our top 10 customers accounted for approximately 57%, 59% and 67%, respectively, of our product revenues for 1999, 1998 and 1997. In addition, in 1999 and 1998 revenues from one customer exceeded 10% of total revenues. No single customer accounted for greater than 10% of total revenues in 1997. We expect that sales of our products to a limited number of customers will continue to account for a substantial portion of our product revenues for the foreseeable
future. We have also experienced significant changes in the composition of our customer base from year to year and expect this pattern to continue as market demand for such customers' products fluctuates. The loss of, or significant reduction in purchases by major customers, could have a material adverse effect on our business, financial condition and results of operations. "
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