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

To: docpaul who wrote (15169)	9/29/2000 8:24:23 AM
From: KevRupert	Read Replies (1) \| Respond to of 60323

Thanks docpaul. Gabele takes into consideration a lot of factors: 1) past history of each buyer/seller; 2) option issues; 3) trends; and 4) quantitative analyis (# of insiders, # of sellers, etc.). He definately recognizes option compensation, miscellaneous selling issues (i.e., college education for the kids). The market will let us know if Gabele is right or wrong. Regardless -- I wish they were buying and not selling.

To: docpaul who wrote (15169)	9/29/2000 9:47:40 AM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 60323

The SNDK insider transaction comments on CNBC leave many unanswered questions--so many that one cannot come to any rational conclusion about insider selling or buying. The analysis ignores the fact that SNDK, like many other young technology companies, pays many of its top people partly in stock options, in lieu of higher salaries. If an option is held for longer than a year before being exercised, and if it is sold at a price greater than its cost, it is subject to a capital gain preference, which certainly has a lower tax rate than ordinary income. This is a typical example of insider selling for personal reasons and does not justify a change in analyst opinions from buy to neutral. Just another example of errors that creep into the buying and selling decisions of those who purportedly consider themselves as professional investors. Art