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Technology Stocks : WDC/Sandisk Corporation
WDC 173.75+6.6%10:42 AM EST

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To: Bryan V who wrote (2707)3/26/1998 2:48:00 PM
From: Jason Rooks  Read Replies (1) of 60323
 
Bryan, it appears you are assuming that SNDK's prior tax rate was 15% and now it will be 35% plus the state tax rate. I do not believe the corporate tax code has a 15% bracket and then a 35% bracket. I think there is only one bracket (Note, I confess not to know what sort of tax brackets there are for corporations). Thus, you may be right about the increase tax liability hurting earnings, but I do not think your numbers are anywhere near accurate.
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