WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 139.09

-0.8%

Nov 21 3:59 PM EST

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To: Art Bechhoefer who wrote (19437)	3/5/2001 6:34:15 PM
From: Ausdauer	Read Replies (3) of 60323

Art, Starting to see more semiconductor downgrades despite the devastation all around. Kind of reminds me of all the upgrades that went out when stocks were making new highs nearly every day early in 2000. At that time the buy recommendations were probably just a smoke screen for institutional selling, while now the downgrades (coming after most stocks have already cratered badly) likely represent institutional interest and buying activity. In retrospect, last year's price targets of $800 on QCOM and $200 on SNDK now look ridiculous, if not suspicious. Now the downgrades seem equally ridiculous and twice as suspicious. Just my novice interpretations. Aus

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