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Technology Stocks : WDC/Sandisk Corporation
WDC 167.13-1.7%1:41 PM EST

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To: Paul Senior who wrote (14478)9/4/2000 9:25:01 AM
From: Art Bechhoefer  Read Replies (3) of 60323
 
The only major events, other than the usual optimistic news related to SNDK products and the inability of any of the manufacturers of flash memory to meet demand, are evidence that SEAGATE completed the sale of its SNDK shares, thus eliminating a temporary oversupply situation; and the technical analysts now seem to be in agreement that the stock has strong upward momentum. Some people who have contacted me have wondered if this is a good time to sell. I've cautioned them NOT TO SELL before the outcome of the patent suit against Lexar, and have also suggested that SNDK should have no trouble reaching 200 by early 2002. This assumes that the whole market/economy doesn't collapse first.

Art
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