WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

Nov 13 3:59 PM EST

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To: jkb who wrote (1975)	12/6/1997 5:14:00 PM
From: Michael C. Woodward	Read Replies (2) of 60323

Jay, in my last life, I had 30+ years in financial management in high tech. Although I was primarily at the divisional or subsidiary level, management constantly drilled us on the importance of accurate reporting and no surprises. Dr. Harari is a good guy and is doing what is best for the company. I know there has been a lot of disatisfaction on this thread with his PR, but you have to take a conservative posture now adays. It is an unfortunate fact that expectations for companies are often set by Wall Street analysts and the companies have to measure up quarter by quarter and can't focus on long-term growth. An other issue that high tech companies have to contend with is the reality that litigation between stockholders and high tech companies has increased significantly in the past year. There is a lawyer in San Diego who is driving Silicon Valley nuts with law suits. Have you noticed how defesive 10K's have become in the last year? It's now pretty difficult to wade through the defense to determine whether or not you want invest in a company. BOTTOM LINE - I agree with the major players on this thread - Sandisk is going to be a great investment in 1998.

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