WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 200.46

+6.8%

Jan 9 9:30 AM EST

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To: Ausdauer who wrote (10571)	4/21/2000 2:09:00 PM
From: Rocky Reid	Read Replies (1) of 60323

>>>>>Unconfirmed earnings revisions are coming.<<<<< It's very simple. Morgan Stanely is setting up SNDK to solidly beat estimates by setting a low bar. Analysts do this all the the time to stocks in which they have a friendly relationship so othey can blow away estimates and get a price bump. Morgan Stanley is a major holder of SNDK stock, and this strategy of giving their holdings a low bar to beat works in their interests over the longer haul. Beating estimates = Good CNBC coverage and good press.

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