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Technology Stocks : WDC/Sandisk Corporation
WDC 181.08+3.5%Dec 19 9:30 AM EST
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To: Dave who wrote (26304)7/6/2004 9:50:40 PM
From: Sam  Read Replies (2) of 60323
 
Yes, well, while the change in book value was driven in good part by the secondary, they didn't raise the secondary just for yuks. A good deal of their cash will go to building their new plant with Toshiba. Then the book value won't be cash. But of course then you will likely say something like, well, their change in book value is for an outdated plant in an industry saturated with capacity. It seems to me that it just doesn't matter what they do, you will find a way to make it a negative.

But to each his own. The market, for now, is on your side.
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