WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.88

-5.9%

3:59 PM EST

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To: Art Bechhoefer who wrote (5572)	4/30/1999 10:53:00 AM
From: limtex	Read Replies (2) of 60323

Art - Interesting points. I thought that SNDK had quite a large institutional shareholding. I seem to remember Fidelity with a couple of their funds. I think we are just in the in-between times here. May in my view the market will tank, not because there is anything fundamentally wrong but because there is not much news and IRA contributions and other April related cash isn't there in May. As the market tanks a little, or maybe even a lot, CNBC will bring out the old doom-mongers from their dark dungeons where they have sat for years tearing their hair out whilst they watch millions of Americans become richer in total contradiction to their advice. They must be living in torment succoured only by the dwindling hope that the whole market will one day soon crash and they will be brough out to bask over the ruins and misery that they had for so long predicted. Anyway as May faeds away the market will pick up again in my view about two/three weeks before the end of June as it becomes obvious that the earnings are going to be great. SNDK might well have to wait until the end of the year before it starts to move forward again but it will inevitably do so. Meanwhile I was at CompUSA yesterday and I saw the World's most complicated machine....the Alps printer. If you have never seen one of these things go take a look. It is without a doubt the most fantastic photo printer around BUT it took 7 minutes to print one 10x8 and it is always going wrong accrding to the salesman who loves his job but doesn't like even going near an Alps for fear that someone might ask him to demonstrate it. That it works at all is a miracle ofg modern engineering. Regards, L

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