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

To: Zeev Hed who wrote (11361)	5/22/2000 10:59:00 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

Zeev, although $90 doesn't seem exactly like a "great opportunity" at today's prices, I look more at value measurements. Based on the PE when the stock was at 90, the growth rate in operating earnings, the growth rate in revenues, and the intrinsic value (book value adjusted for the value of the proprietary technology and the skilled management -- items that generally are unaccounted for on the balance sheet), the value was good then, and better now. If one looks to trade a stock, then one can probably find selling as well as buying opportunities. This is not really an option for a value oriented investor -- until a major change in the fundamentals (e.g., a newer technology or a sudden loss in management competency) forces one to change from a buy to a sell. Since I can't find any fundamental reason to sell, I continue to look for buying opportunities. Art