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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Jim Greif who wrote (6493)	7/23/1999 12:43:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Jim, I don't think it's so much the small size of the float as it is the relatively small numbers of institutional holdings of large amounts of the stocks. Larger volume transactions can skew the price because they constitute a greater percentage of the outstanding shares. As the company gains book value and market capitalization, regardless of whether there's a split or not, this kind of volatility will probably subside. After all, the volatility here is nothing compared to stocks like AMZN, with far more shares. Also, there still is a lot of uncertainty over the ability to capture market share and the ability to fight off patent challenges. Once these issues are resolved, we'll see the stock settle down and probably turn into the kind of investment a prudent investors would want to accumulate and hold for the next ten years.

To: Jim Greif who wrote (6493)	7/23/1999 9:26:00 PM
From: Craig Freeman	Respond to of 60323

Jim, whatever gave you (or anyone else for that matter) the idea that a "split" increases the float on a stock? All it does is to decrease the price-per-share. Period. When all is said and done, the same people own the same percentage shares of the same company. Do you REALLY think that SNDK insiders or Fidelity gives a hoot whether they own shares at $70, $35 or, for that matter, $700? Take a look at Berkshire-Hathaway and then tell us all about how low share prices can improve shareholder wealth. Craig