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

To: Ausdauer who wrote (12402)	6/29/2000 11:16:43 PM
From: KevRupert	Respond to of 60323

Insider Buys: "Insiders at flash-memory manufacturer SanDisk Corp. (SNDK:Nasdaq - news - boards) have been considerably more low-key. On May 25, director Catherine Lego and Sanjay Mehrotra, senior vice president of engineering, exercised nonqualified options to acquire a combined 49,947 shares. Compared to the buy-a-thon at Energizer, that might sound like a drop in the bucket, but there are reasons to like the accumulation. For one thing, Mehrotra has displayed some impressive timing in recent years. He sold stock back in August 1999 just ahead of a 40% drop. More impressively, he acquired shares in October with the stock trading at about 25. The shares peaked on March 9 at just a hair under 170. For Lego, the acquisition was a first since she joined the board back in 1989. After a nice bounce over the past month, SanDisk has had a rough couple of days. All the same, the argument could yet be made that the stock is oversold. One big seller this year has been Seagate Technologies (SEG:NYSE - news - boards), which reported a gain of $453 million in the first quarter from its sale of nearly 4 million shares of SanDisk while the stock price was relatively high -- a move that helped Seagate post a profit for the period. Since May 1, Seagate has filed to sell another 1.5 million shares for an estimated $130.6 million. Of course, the insiders could likewise turn around and sell their shares at any time. Until they do, the fact that they opted to exercise when the stock was cheap, and to hold on, tells me two things: 1) They are not too concerned with the Seagate sales; and 2) they anticipate better prices ahead."