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Technology Stocks : WDC/Sandisk Corporation
WDC 181.95+7.3%Dec 10 3:59 PM EST
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To: docpaul who wrote (15921)10/23/2000 11:30:25 PM
From: Craig Freeman  Read Replies (1) of 60323
 
docpaul, thank you for your kind insights.

re: SNDK vs Lexar, SNDK will ask for and probably receive retroactive royalties. IMHO, they positioned their lawsuit in this manner and are immune from the passage of time (e.g. they will get interest and possibly damages as well). All that presumes that Lexar will have the capacity to pay what it loses in court ... which is uncertain.

re: institutional support of Lexar. It makes perfect sense so long as you understand that most of the market makers and advisers out there have only a few years of experience and are making $1M+/year. They are so happy to be doing what they are doing that they don't care what happens to us lowly "individual stockholders". "Professional analysts" are free to put buy recommendations on anything they wish ... IPOs with no business plans ... companies that have lost money for years and years .. anything that will kick their year-end bonuses up a notch .. if they can get YOU to buy a few shares of whatever dog they have to sell.

re: Disclosure. If we were buying shares in some "black" CIA project then we would know what we were getting into. But SNDK is a publically traded stock and, by law, it has a "duty to advise its shareholders of all pertinent events". Since SNDK has chosen not to do so, for so long, I can only assume that they choose to do so because they have something to hide. For that reason, I am slowly moving away from SNDK toward more open companies.

Still long and not yet forgotten,

Craig
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