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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: Art Bechhoefer who wrote (21372)12/25/2001 9:15:43 AM
From: Mike Buckley  Read Replies (2) of 60323
 
Art (and others),

I haven't participated in the thread in a long time but I've been following it. One item jumped off the monitor at me: If they can improve their margins in the coming year (should be possible if the glut in flash cards is finally ended), they might be able to use their positive cash flow from operations to purchase shares of common.

To put that in context, a significant turnaround would be required. SanDisk's operations produced negative cash flow of $47 million in the last nine months. After accounting for capital expenditures, free cash flow was a negative $65 million.

--Mike Buckley
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