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

To: LowtherAcademy who wrote (14719)	9/11/2000 10:56:29 AM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Lew, Lexar Media is a high-class organization with excellent management, good judgement and an inventive product line. How could H&Q, JP Morgan and SG Cowen set such a meager target price? At $20/share the market cap is only $1.2 billion. I am more puzzled by the IPO pricing. How could the underwriters lop off 50% of the offering price of this fine stock? LEXR should be setting new highs today on tremendous volume based on these 3 simultaneous intiations and buy recommendations. OOPS, down 7/8 on a whopping 23,000 shares. Ausdauer