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

To: Road Walker who wrote (15133)	9/27/2000 9:03:37 PM
From: luther yow	Respond to of 60323

I really want to cuss about the whole thing. If we are doing so great, sold out for the forseeable future then why is the stock such a POS. I've never made a post like this because I am a trader and see ups and down. but there is no reason for this other than some one with pricing power wanted it this way. and the market is not supposed to act this way. Flustrated. Me. Luther

To: Road Walker who wrote (15133)	9/27/2000 10:01:21 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

John, it certainly is a valuation correction as you note. The odd thing, though, is how a change in perception of one or two key stocks can change sentiment toward the whole group, or sometimes even the whole market, regardless of the fortunes of individual companies. The correction in the price of Intel may be overdone, but has little or nothing to do with the prospects for SanDisk. Yet SanDisk reacts as if investors considered it no different from your typical semiconductor stock. Very strange in the sense that it doesn't explain why SNDK should have such a low price-earnings ratio in comparison to stocks such as Intel, which are facing at least temporarily reduced earnings forecasts.