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

To: NHP who wrote (6624)	8/15/1999 9:30:00 AM
From: kenc	Respond to of 60323

NHP, Looking for an alternative to SNDK in the same industry check out SSTI...Has had a good run. Last@15.5

To: NHP who wrote (6624)	8/15/1999 6:31:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Exactly. GEICO was running huge underwriting losses, but the business was fundamentally sound. SanDisk had a somewhat parallel situation in that the technology was improving so rapidly that SNDK had to write off unsold inventory, creating losses on the earnings sheet. But not so well publicized was the fact that when the shares were around 5 and 6, the company was still showing close to $5 in cash or accounts receivable. That meant the company could be purchased for virtually nothing!