WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: j g cordes who wrote (11530)	5/26/2000 3:59:00 PM
From: Struggling Investor	Read Replies (2) of 60323

Merrill Lynch also thinks stock price decline is due to SEG selling (which I'm delighted to see and sincerely hope that I was dead wrong in thoughts expressed in yesterday's post regarding potential fundamental and/or political concerns.) A summary of ML's comments follows. Just more speculation, but I keep hearing rumors that one or more large tech fund may be in trouble (a la Soros), so some of the wholesale dumping could be coming from that possible scenario. Who knows. ML comments: -they believe the stock price slide to be due to negative market sentiment exacerbated by SEG's selling. -they think SEG has divested 85% of its SNDK holdings & has 2-3M shrs left; hence, the downside risk is minimal *(IE -they must REALLY believe SEG caused the downturn)* -potential concerns about inability to meet demand are unfounded due to steps SNDK has taken to increase capacity. -visibility for the company is at an all-time high; SNDK is fully booked for most of the rest of the year. -reiterate buy/buy.

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