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Technology Stocks : WDC/Sandisk Corporation
WDC 152.88-5.9%3:59 PM EST

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To: JJB who wrote (2516)2/8/1998 4:16:00 PM
From: stanley r phelps  Read Replies (1) of 60323
 
to tech investor: pardon typos....bad eyesight...my question was any feelings that sndk ought to be selling higher than $20's.... If it earns 80cents in 98. and sells at 30x earnings, then $24 is a good number. My formula is to to BUY at 2/3 of growth rate, but never higher than 30x. Frankly, Sndk may have a growth rate of 50%. Any opinions would be appreciated. A run from 9 to $23 after all is HUGE, so maybe some resting time here. .....thanks, Stan Phelps
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