WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.98

+0.6%

2:34 PM EST

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To: orkrious who wrote (5060)	3/13/1999 9:42:00 AM
From: David W. Tucker	Read Replies (2) of 60323

I take it as very good news. 18 months ago we couldn't find any fund that would buy the stock. Fidelity has demonstrated their good judgment and confidence in the company. They aren't a bunch of short term traders and probably have the shares spread out over several funds. I doubt they will be selling any time soon, and if they find a reason to sell, we'll probably know about it first. I know it sounds risky to have a fund own such a large holding, but I'm not concerned. It does make me feel that Sandisk should do a 2-1 split just to make the shares a little more liquid and less volatile. There simply aren't many shares out there, which is great when the stock is being bought. Of course, the opposite cna certainly happen. If the stock hits 40, they should consider a split for liquidity reasons alone IMO. dave

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