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Technology Stocks : WDC/Sandisk Corporation
WDC 221.31-0.3%1:45 PM EST

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To: hueyone who wrote (17569)12/23/2000 4:53:39 AM
From: Craig Freeman  Read Replies (2) of 60323
 
Heuyone, re: the Lexar CC

Thanx for the link. It only takes a little to explain a lot ...

"Management noted that there was increased competition with new market entrants and that there had been pricing reductions by Lexar's major competitor SanDisk, resulting in Lexar also instituting price protection which would adversely affect fourth quarter margins as well as its outlook."

LEXR closed up at a buck. Not big money for any of their IPO shareholders but it still buys a "Big & Tasty Burger" at McDonalds!

Craig

PS "Hello ... can you hear me ... I am a Lexar shareholder and I want some bean burritos. I'll trade 100 shares for 100 burritos. -- OK, 100 shares for 50 burritos with extra cheese. -- Hmmm ... OK ... make that 25 burritos with extra cheese and extra sauce." What do you me -- "No?" -- Forget it! -- I want 10 'Supreme Burritos' or I'll sell my LEXR shares on the NASD."

Craig
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