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

To: Ausdauer who wrote (7658)	10/14/1999 3:10:00 PM
From: Bob Kim	Respond to of 60323

FWIW, ML lowered EPS estimates but reiterated its 2-1 rating. The analyst appears confused because he lowered his price target to $58 in one place but refers to it as $65 (same as the previous one) later on. He appears to have used the combination of the $58 target and intraday $48 1/2 report price to avoid having to upgrade the near-term rating to Buy since ML's upside threshold for a Buy rating is just 20%. If the analyst had used yesterday's closing price, the price target would probably have been made even lower and if he had used a higher intraday stock price the target would probably have been higher.

To: Ausdauer who wrote (7658)	10/14/1999 4:05:00 PM
From: Starlight	Read Replies (2) \| Respond to of 60323

Ausdauer - I am glad I am not involved professionally in the world of finance. My window to this world suggests it is full of crooks and thieves who will stop at nothing for the almighty dollar. Right you are! One TV news show even went so far as to say the Mafia is involved in manipulating some stocks. I don't doubt it. Price flucuations at times don't seem at all related to what is going on with the company. Maybe it's time to take a panda break: sandiegozoo.org Betty

To: Ausdauer who wrote (7658)	10/14/1999 4:29:00 PM
From: JJB	Respond to of 60323

Aus, "I followed everything in your post except "gloom and doom"..." I'm more coherent now. What I was trying to say I think Dr. H is overly conservative in his public statements. I believe both SEC regs and Calif. statutes have CEO's concerned about litigation. It is not an even playing field when inaccurate headlines can across the wire with the story ten to fifteen minutes behind. Again look at the volatility, the float, the volume, the last couple of days have nothing to do with "intrinsic value". jjb