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

To: NotNeiderhoffer who wrote (7968)	11/4/1999 12:54:00 PM
From: Ausdauer	Respond to of 60323

NotNeiderhoffer, Sorry to hear about the mystery meat entrè. It beats cold tofu in a bed of alfalfa sprouts. I am encouraged by the interest in SNDK and the increase in the offering from 3 million to 4.5 million shares is intriquing. Sounds like there is a ground swell of investor interest in flash memory manufacturers of late. I am not surprised by the turn out given that so many companies are out beating the bushes for new investors. In any case it sounds like you surpassed the attendance at the last Shareholders' Meeting hands down, although the egg salad sandwiches were delicious. Ausdauer SanDisk...See the Big Picture

To: NotNeiderhoffer who wrote (7968)	11/4/1999 12:57:00 PM
From: Sam	Read Replies (1) \| Respond to of 60323

NotN, Yes, all of the shares were sold by the company, Seagate pulled their trust in the last couple of weeks after the stock went down from the 80s. Yeah, Seagate will probably sell some shares at some point, but the way Veritas is going (and given their much larger stake in it), I would guess that those are the shares that they will sell first. More bang for the trouble. I'm guessing that, on their Sandisk shares, they'll wait for the split that we expect, and for another earnings report or two, which should be stellar, and which I think will double the stock from here, presuming the general market for high PE stocks holds fairly steady. Then Seagate will sell some of their stake, IMO. I too have a hard time seeing a ten bagger from $70/share over the next couple of years, but as you imply in your previous post, many of us have a hard time seeing some of the valuations of companies with worse positioning in their field than Sandisk has. While it doesn't appear likely right now, we are only at the beginning of a very steep ramp up. If the Toshiba deal goes OK, and if the flash sector doesn't become a clone of the DRAM sector, a 10 bagger even from here isn't out of the question a few years from now. However, many of the posters here have been in this stock for years, and have cost bases somewhere between 7 and 20. For those of us fortunate and patient enough to have held during those difficult years, a twenty bagger (or more) isn't out of the question.