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

To: StockHawk who wrote (14773)	9/14/2000 1:19:04 PM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Hawk, As I said last Fall, if I had that kind of money I would have purchased a large chunk of the secondary or even floated Eli a loan for a few hundred million dollars based on the offering price of the shares with a clause that I could convert the promissory note to shares at a strike price of $70/share or so. If you recall SanDisk's share price was still recovering from the Taiwan disaster and was down some $30 from the August 1999 high. As it turned out those who bought at $68 during the secondary have more than doubled their money. At one point their investment was up some 5 fold at the time we traded in the high $160's. I would have gladly purchased shares from Seagate at the published prices. Yesterday I received a rollover check from my 401K at work and bought some more SNDK at $78 9/16. My justification is that it was trading at less than 40 times my 2000 estimates which I feel are conservative. Very glad I bot at this point. Aus (long and strong)