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

To: Ausdauer who wrote (10391)	4/15/2000 11:31:00 PM
From: Binx Bolling	Read Replies (1) \| Respond to of 60323

Ausdauer, see my post number #9858 I don't think the directors or officers had their options repriced. Message 13291440

To: Ausdauer who wrote (10391)	4/16/2000 9:46:00 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Why didn't the SNDK board buy their own stock in October, 1998? Because the conservative strategy (and the correct one in this case, in my view) is to maintain enough cash on hand to grow the business. A company buys its own shares when it has cash on hand, but also when it sees little growth in the foreseeable future. The Board of Directors must ask, "Which is the better investment -- our future growth or our shares?" The dramatic increase in demand for flash memory that we have seen over the last two years and that we expect to see for the next several years argues strongly for growing the business and not buying back shares. Art