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

To: Ausdauer who wrote (15114)	9/27/2000 5:32:24 PM
From: orkrious	Read Replies (3) \| Respond to of 60323

This is very discouraging. We closed the day right where we were 10 weeks ago, the day before earnings. That evening we blew away estimates. Since then, things have only gotten better for SNDK with several important new announcements. We are also down almost 30% in the three weeks since I was in France. I am sure it is a case of the baby being thrown out with the bath water. No one wants to own semis now, and we are painted with the same brush. It's window dressing time, and mutual funds are screwing their shareholders by dumping stocks indiscriminately just so they don't show out-of-favor groups on their books at quarter end. As Zeev likes to say, it is darkest just before dawn. I today bought a huge amount of shares for a trade (too early of course and I already own a sh*tload in my long-term portfolio) and we may go lower tomorrow. But once window dressing ends, and people start to look for companies with sales, margins, and royalties increasing exponentially, this will be just a bad dream. Jay

To: Ausdauer who wrote (15114)	9/27/2000 5:56:27 PM
From: Steve 667	Read Replies (1) \| Respond to of 60323

Aus, Hiring Mike Wong from Lexar is really bizarre. I don't know what to make of that. Right now they are selling all they make so it doesn't make too much difference. But shortly down the road, they are going to have to distance themselves from the competition (Lexar, Delkin, Whoever selling the higher capacity cards). Royalties are nice, but direct sales are better. What I can't figure out is why, when SNDK is the pioneer, they don't have the higher capacity cards on the market? What are they waiting for, if they are in fact waiting? I would think they would be first on the market with each card. RE: P.S. You never explained how we got to $94 1/2 just a few weeks back. Is that also just trading volatility? I don't remember anyone asking. I just printed a chart of SNDK and the SOX (semiconductor index) and overlayed them (13 months). They go lock step almost to the day! Now the magnitude of each move differs but the direction of each turn is the same! Sandisk has more magnitude of movement so it goes further in either direction percent wise. At any rate with all the ups and downs SNDK is ahead percent wise and I think it will distance itself even more to the upside in the next year, but the DIRECTION will pretty much be the same as the SOX. Which brings us to the SOX and Nasdaq in general. (since you asked). In March everything was out of whack! An aberration. And stocks that had good fundamentals in Tornados and such did even better and were even more out of whack. The March spike was like an earthquake. So what you have been seeing for past 6 months have been the after-shocks and it looks like the on the spike on 9/01/00 was another such aftershock. SNDK peaked one trading day later. And like earths aftershocks, nobody knows when they will occur or what the magnitude will be. So to answer your question, it looks like yes it is trading volatility. I think this behavior will change going into November. Side note here. They amazing thing to me was that within a day of the March top, if memory serves me right Aus, it was the first time I ever saw you post a suggestion that some might want to actually sell some SNDK stock. Great call! It is too bad that neither one of us took your suggestion at the time, eh. That's my two cents. Hey check out the latest TIME magazine. 10 page spread on Napster and MP3! Steve 667 An Irritating Grain of Sand from which come Pearls....If you wait long enough.