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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 3:59 PM EST
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To: NHP who wrote (21355)12/19/2001 9:48:05 PM
From: Ausdauer  Read Replies (2) of 60323
 
NHP,

Three things from 2001 bug me.

First, Eli gave such a very upbeat market review earlier in the
year just as the shit was hitting the fan. I can't believe he is that blind.
In hindsight I think that particular interview etched away some of his credibility.

Second, even leading into the last c.c. there was still a push to get Dominion
up and running full throttle. Dominion was built up to be the solution to the capacity
crunch and the low cost solution to manufacturing. Now Dominion is defunct.

What is wrong with this picture???

Third, SanDisk has withdrawn greatly from its relationship with UMC
and I believe Frank C. said there were plans to liquidate shares. This, on top
of current cash on hand, seems to be a reasonably safe cushion. Now long-term
shareholders see their assets diluted by this convertible offering. What is going
on? Are they planning an acquisition? Are they going to start a comprehensive
branding campaign? Why is raising cash such a priority now? Was it timed to
coincide with the Toshiba announcement just to scare the bejesus out of shareholders?

I hate to say it, but one can't help but feel left completely in the dark.
I can't believe that such issues are planned less than 3 months in advance.

Maybe it's true what they say about creating a business plan on the back of a martini napkin.

Aus@martini_napkin.com
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