WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

3:59 PM EST

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To: Mike Winn who wrote (1703)	11/19/1997 12:12:00 PM
From: Bobby	Read Replies (2) of 60323

<follow the path of most other secondaries>Mike, I don't want to burst the bubble but recent seondaries have not been good. MRVC secondary price was 35 now its at 26, SMOD secondary price was 65, now its at 56.Ofcourse both went up after the secondary and crashed after a while. The only +tive I see is that the CEO already got the stock down, perhaps to avoid situations like mrvc and smod and now we have nowhere to go but up. However I still want to reiterate that unless there is a revision from analysts regarding earnings estimates and long term growth rates, this baby will remain in this trading range till earnings. (and then who knows what will happen :-) With current long term growth estimates and earnings estimates, sndk is trading at a PEG of 2.00 and is not likely to appear on anyones stock screens. The key I think is a revision to Long term growth rates. That will get it going.

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