WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

3:59 PM EST

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To: limtex who wrote (3056)	5/21/1998 9:27:00 AM
From: Chris Nevil	Read Replies (2) of 60323

Man, I thought I was getting emotional about some of these irrational tech stock drops -- but I hold no candle to some of you! Makes me feel better! And hey guys, I realized after posting yesterday that I've now officially joined the SanDisk "losers' club" because of stock I stupidly added at the 30-32 area when it first crashed there from near 40. Limtex, everybody, as best I can determine there's still no smoking gun here. What would you sue the company for? Are you implying that the insider selling (which doesn't appear to have been that significant) was based on undisclosed "material" information? I have left a small fortune on the table and am now burrowing into the loss hole like many of you. Clearly the secondary was not timely and accelerated the downfall of a troubled stock. But what's really gone wrong? Revenues, earnings, balance sheet? No. Potential of the product? Possibly from a margins standpoint but our I.P./royalties position seems favorable. The company should do something to calm the waters. Insider buys, as some have suggested, would be a powerful signal. A buyback by the company (notwithstanding the ire of the secondary participants) would also be appropriate IMHO. A more effective investor relations outreach might be a good investment, too. But unless I'm missing something, I feel as though calmer heads need to prevail here until we really uncover something untowardly. Good luck everyone! I know my fingers are crossed so tight they're getting numb... Chris

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