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: Ausdauer who wrote (15439)	10/10/2000 6:50:59 PM
From: Art Bechhoefer	Read Replies (1) of 60323

The $300 million Israeli funding clears the way for SNDK to buy into TSEM and get another new factory for chips at a discount of about 20 percent (the amount of the Israeli subsidy). The news should have caused SNDK to rise, but perhaps because of the turmoil between the Israelis and Palestinians, the stock dropped, giving another rare buying opportunity. By the way, the agreement with TSEM assures that SNDK may be able to buy TSEM shares at less than the original price that was contemplated when TSEM was trading at higher levels. This is one more piece of very, very good news. Art

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