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Technology Stocks : WDC/Sandisk Corporation
WDC 172.26-2.2%Dec 31 3:59 PM EST

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To: Pam who wrote (28120)4/29/2005 1:14:50 AM
From: slacker711  Read Replies (1) of 60323
 
This company is in financial trouble to say the least. They said SNDK is cutting prices by 15% across the board except for the highest densities. Lexar says with the shortage there is no need for the price-cuts and is questioning their motivation. If the court case drags-on for a while or the judgement is reversed, LEXR will not survive.

Their CEO is among the least impressive that I have ever heard. He seems to be pinning his hopes on an injunction....not exactly a proactive strategy.

Slacker
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