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Technology Stocks : WDC/Sandisk Corporation
WDC 162.40+2.9%Nov 17 3:59 PM EST

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To: Art Bechhoefer who wrote (39074)3/20/2008 12:47:37 PM
From: sylvester80  Read Replies (2) of 60323
 
What good did that do? SNDK's has been straight down in the last 7 months. Straight freaking down. Unreal. Down 70%. Even NAND prices did not sink as much as this stock price has. And to tell you the truth I see no news in the short term to stop this bottomless pit. Clearly SNDK is going to miss and is going to warn for this quarter and next quarter as well. There is no way they won't after the warnings by Intel and Toshiba. Every NAND manufacturer is hurting and that will include SNDK IMO. NAND prices have plummeted and everyone is selling the chips at a huge loss and taking huge writedowns. It is beyond belief that these morons in this industry continue manufacturing chips at a loss. What is the point? Build $10 billion dollar mega-fab and sell chips at a loss??? What are they? Stupid? I know it takes years to build a fab but this is freaking ridiculous. And is not that they don't have a history of doing this like forever. Sheesh...

My worst investment I've ever made was putting even a single dollar in this.
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