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Technology Stocks : WDC/Sandisk Corporation
WDC 168.90+4.9%Dec 5 9:30 AM EST

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To: Rob S. who wrote (3201)6/9/1998 5:23:00 PM
From: Ausdauer  Read Replies (1) of 60323
 
Rex and Rob,

If you think about the stock price being $14 and change in recent memory, $4.55 per share in cash, $1.00 or so per share in deferred revenues and projected earnings 1998 in the range of $0.90 we were down to a PE ratio near 10 or 12. Recalling this is a high-tech company which has not begun to see its brightest days competing in an industry which will grow exponentially the stock had to begin rebounding sometime. Hope this is a sustained move.

Aus
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