WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 156.15

-4.6%

10:45 AM EST

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To: Greg h2o who wrote (12565)	7/5/2000 7:07:06 PM
From: Art Bechhoefer	Read Replies (3) of 60323

Yes, it was very difficult to understand what the CEO from Tower was saying, though I could understand Eli quite clearly. I took notes as best as I could. Did you catch that statement from Eli that they don't need to issue more stock to pay for this investment? And they don't need to sell more UMC shares either. Why? Because they've got some $400 to $500 million in cash! Now where did they get that cash? That's easy. Unlike so many other young companies in the tech sector, this one has turned into a cash cow. Look at the financial report issued last April. They've got more cash now than they had at that time. And someone thinks demand is weak? Sheeeeeez!

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