WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 169.99

-2.4%

Nov 11 3:59 PM EST

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To: Bridge Player who wrote (35313)	2/16/2007 5:01:36 PM
From: Pam	Read Replies (2) of 60323

Frankly, I am also surprised with the timing of this announcement but not with the announcement itself. The margin pressure was coming in the next month or two and it seems the company wanted to get it out of the way before the upcoming AD on Feb 26. I am sure those who have written/purchased options have a lot to worry about but wouldn't it be a bigger problem if he would have done it before the options expiration? It doesn't seem like the news was leaked in any way though. Today's action seemed typical- expire at 40 so maximum Calls and Puts expire worthless and some of the big guys pocketed the premiums from both directions! If he would have made this announcement a few days earlier, there would have been a lot more volatility IMHO. Frankly, they just had their earnings out about 2 weeks ago and they should have guided lower back then itself! Not much has changed since than. Spot prices are in the same $4.75-5.00 range for 1GB over the last 2 weeks! Surprisingly, the volume in after-hours is relatively light with this announcement but then it's a long w/e and many people have taken a day off today also.

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