WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: Jerome Wittamer who wrote (3022)	5/20/1998 12:57:00 PM
From: Chris Nevil	Read Replies (2) of 60323

Jerome, even you sound a bit despondent now. If I recall you've also taken the round-trip from the low double-digits to 40 and back here again. Don't know about you and Limtex, but other than selling covered calls once for a few bucks this now feels like a costly exercise in futility. Fortunately, the rest of my portfolio is acting in a very similar fashion, sparing SNDK any undue attention! <very weak g> When I spoke with Cindy Burgdorf the other day she did not completely dismiss the possibility of a stock buyback, though my impression was that the stock would have to come down even lower than it is at present. That's just reading between the lines, not based on anything she specifically stated. Clearly the issue (as we know) was that participants in the secondary would not appreciate their capital being used to repurchase the stock ten or twelve (or more?) bucks cheaper. On the other hand, I'd think everyone would appreciate a more overt effort by the company to rescue us from this ridiculous implosion. Regards, Chris

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