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

To: FJB who wrote (12772)	7/10/2000 7:57:26 PM
From: TREND1	Respond to of 60323

Bob I am just quoting the SSB report. No reason to make a big deal of it ! Aus has the full copy, which goes into detail how SSB feels year 2000 may be peak year. Probability is high that year 2000 will be peak, but only time will tell. Larry Dudash

To: FJB who wrote (12772)	7/10/2000 8:13:49 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 60323

Robert, Larry was quoting SSB. Joseph stated clearly that according to "historical norms", the peak year in chip stock prices (in a given cycle) correspond to the peak in growth of cap expenditures. Actual shipments continue to increase even when stock prices already discount the coming price pressures due to over capacity created by the huge growth in Cap-Ex during the peak growth year. We get fooled all the time, being surprised to see stock falling out of bed when they still report quarter after quarter better earnings. This is because the ,market discounts the "morning after". Having said all this, this year is still "young" and I can "see" SNDK above $100 (I "have" $109 as a sell target) before the end of this "young" year. Zeev