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Technology Stocks : WDC/Sandisk Corporation
WDC 152.88-5.9%3:59 PM EST
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To: Jim Greif who wrote (1798)11/24/1997 1:37:00 PM
From: Michael C. Woodward  Read Replies (1) of 60323
 
This is one of the best threads on SI. Mike Winn pointed out that institutional investors hold 20-30% of Sandisk. One recent post mentioned that the following held Sandisk:

Fidelity Management 8.2% (1,865,000 shares)
Wellington 3.3% (758,000 shares)
Dawson Samberg 1.6% (363,000 shares)

And don't forget that Seagate still owns 25% prior to the secondary offering.

I worked in high tech management for more than thirty years. I have been through all the ups and downs of the semiconductor industry.
A company can be performing very well and still have low stock prices because the institutional investors happen to be down on the industry.

I'm sure that you read that excellent paper by Rex Dwyer and Jerome Wittamer recently. I am not one to hold stocks for a long period of time. But, Sandisk is one exception because I really believe that we will see $50 to $60 in 1998.
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