WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 154.26

+0.9%

3:51 PM EST

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To: Dan Guinan who wrote (3534)	7/21/1998 12:50:00 AM
From: Rex Dwyer	Read Replies (1) of 60323

"Why does SanDisk have a working capital balance equal to their annual revenue?" Because they recently (Nov 1997) did a secondary stock offering. In the meantime, cash flows have been fairly good. In addition, there is about a $26M "float" in deferred revenues. With that, they still have a lot of cash laying around to weather the storm. Let's hope the money is spent wisely. Rex

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