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Technology Stocks : WDC/Sandisk Corporation

WDC 174.98

+5.2%

3:59 PM EST

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To: JesseK who wrote (3308)	6/18/1998 11:46:00 PM
From: Rex Dwyer	Read Replies (2) of 60323

I read the release to mean that they will just barely break even. With the royalty income, this means the IC business is losing money at about a $7M per quarter clip. The press release read, "Earnings per share are expected to be marginally positive." In fact, it said, "SanDisk Expects Second Quarter 1998 Revenues and Earnings to be Below First Quarter." That's the headline. Rex

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