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: orkrious who wrote (20624)	7/27/2001 9:15:34 AM
From: Art Bechhoefer	Read Replies (1) of 60323

Jay, notwithstanding your rational thinking here, it's also true that when things look least promising, it may be the best time to buy or hold. My feeling is that, in a worldwide economic slump, it's best to invest in companies that are reasonably well managed and have little or no debt. They are the survivors. If flash memory were about to be replaced with some more modern, lower cost technology, I'd be as concerned as a manufacturer of buggy whips in an area where the automobile was taking over (here, by the way, we still have an active horse and buggy industry among the growing Mennonite population). Investors should not make the mistake of thinking that ALL companies do poorly in a slump. The rule is that ALL companies with heavy debt do poorly, and even may go broke. Companies with little or no debt survive. The two best candidates in this category are QUALCOMM and SANDISK. Art

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