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Technology Stocks : WDC/Sandisk Corporation
WDC 172.26-2.2%Dec 31 3:59 PM EST
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To: JMD who wrote (15849)10/21/2000 2:28:13 PM
From: mauser96  Read Replies (1) of 60323
 
When boys grow into men their toys just get more expensive. Purchases involving SanDisk products depend not only on consumer confidence, but to a large part on the wealth effect.A good stock market could be as important as a good economy in creating demand. The two don't directly go together since the market is an anticipatory mechanism. It correctly predicts all recessions, but it also predicts some that don't quite happen (1966). You can buy a perfectly adequate 2.1 MP digital camera for less than $700. I paid $470 at Amazon for a Canon S10 with extra 16 MB memory card. Still that's a lot of money for most people, especially when they can get by for a while with a cheap film point and shoot, or even a disposable. There are cheaper substitutes for all the digital products using flash memory. At present digital price levels, most of these are "step up"products, appealing to middle class and up customers. So I think we can say that SNDK is consumer related, but located in a product(s)tornado, so long run over several years it won't matter much.The short run is another matter.IMHO, we aren't headed for a recession, but predicting these ahead of the market is very difficult. Professional economists have a miserable record at this sort of prediction, so we can't count on them for much help.
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