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

To: Sam who wrote (7068)	9/25/1999 7:27:00 AM
From: Ausdauer	Respond to of 60323

Sam, FWIW, my guess is that today was more of a dead cat bounce than anything else, unless we get some favorable news from UMC about getting production rolling again. And even favorable news might not help much if a bear mentality gets set in the market. For my edification, does over 2 million shares traded count as a "dead cat bounce" as defined in most finance textbooks? Or do you need a veterinary degree to identify this type of phenomenon??? I respect your opinion and have the same October jitters you are feeling. We have had a 33% haircut from the all-time high and are currently at a PE of around 65 based on estimated 2000 earnings of $1.00/share. There are some issues of dilution that we have not covered here, but I still believe $1.00/share in 2000 will be a layup for SanDisk even with the secondary and the options packages kicking in. I hope you are wrong about the $40's and $50's, but I have my "gear down and locked" in case there is a precipitous loss of altitude. I am hoping we can start to re-establish a base for the remainder of the year. I am willing to get a crew cut, but not quite as excited about getting scalped. Ausdauer

To: Sam who wrote (7068)	9/25/1999 1:17:00 PM
From: limtex	Read Replies (1) \| Respond to of 60323

Sam - Of course no one knows what is going to happen to SNDK's price or anyother share for that matter but we can all hazzard a guess and mine is that the stock will not see the $50's or anything like it. I think that it may take another week for the smoke to clear in Taiwan but the Chinese in Taiwan are very innovative and they wont give up and they will do whatever they have to in order to get everything working again asap. I don't think it was a dead cat bounce. SNDK didn't bounce and SNDK isn't dead and it isn't a cat ............its a Gorilla. Best regards, L