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Technology Stocks : WDC/Sandisk Corporation
WDC 163.33+3.5%Nov 28 9:30 AM EST

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To: Mike Winn who wrote (2461)1/22/1998 2:58:00 PM
From: Jerome Wittamer  Read Replies (2) of 60323
 
I got the Merril Lynch report (dated Jan 22 7:53) faxed from a friend : it's better than Banc America as regards the earnings estimate 0.93 : Long term accumulate.

Please note that two different departments of ML make reports.

This was the report of the macro department (Joseph Osha), not those of the fundamental analyst (Tom Kurlak).

Basically they underline the same things Mike and I underlined in our messages : "shares continue to be attractive in our opinion".

Otherwise I wanted to stress that Dr Harari heard our voices and took it into consideration when drafting the press release. It's conservative but not pessimistic (which would indeed be out of line).

Jerome
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