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Technology Stocks : WDC/Sandisk Corporation
WDC 139.14-0.8%3:59 PM EST

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To: Ausdauer who wrote (5357)4/11/1999 9:45:00 PM
From: Art Bechhoefer  Read Replies (1) of 60323
 
Aus, you're right that the company doesn't have to say anything, but on the other hand, any communication that drove the price of the stock down by some 30 percent ought to spark at least some comments, such as: There's no truth to the statement. Or, we stand by our earlier comments. Other companies routinely make comments like this to dispel rumors that are untrue and that did not originate with the company. Saying nothing raises some questions, at least for me. That is not to say that I think the stock is overpriced. In fact, given its great cash position and its expanding unit sales, the long term prospects look pretty good. Art
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