WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 150.99

+8.6%

3:59 PM EST

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To: Art Bechhoefer who wrote (5456)	4/15/1999 5:58:00 PM
From: Ausdauer	Read Replies (2) of 60323

Art, Having $125 million on the books and being able to own some of your own company for 75 cents on the dollar can't be all that bad. O.K., so your liquidity may suffer temporarily. I guess it isn't common practice to acquire shares in your own company during a downpour? You have to be a mature, solid, cash rich blue chip before you can dabble a bit in the market and play your own stock? I feel the contingencies were not in place in a timely fashion and they balked when the opportunity arose. According to the Fall conference call the BOD directors had discussed a share buyback several times. I think Cindy said, "that issue has come up the last few times we have met" or something like that. By the way, that $125 million is still on the books and they had already coughed up a bunch of cash for the foundry in Taiwan. There were no other outlined expenditures. It was being saved for a rainy day... ...AND IT RAINED! Ausdauer

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