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

To: Trader X who wrote (18711)	1/28/2001 9:50:58 AM
From: Art Bechhoefer	Respond to of 60323

Trader, the full disclosure regulations require company officials to word their statements, both in their written reports and in their conference calls very, very carefully. Any responsible company will not boost its fortunes when, in the interest of full disclosure, it knows of even the possibility of factors out there that would work against them. I think the interpretation of those statements is an area where people will go in both directions. The pessimists will say, "It's bad and it can only get worse, so I'm getting out." The optimists will say, "There's no competing technology on the horizon that would interfere with the long term growth in demand, and no other company better positioned to take advantage of it." Perhaps the most revealing statment made by Harari at the conference call was "We would be disappointed with a 30 percent increase in revenues." He's not saying that a complete economic collapse wouldn't prevent a 30 percent increase. He's acknowledging that there are factors that are beyond the control of any single company. But he's also saying that if the world economy remains half decent, you better believe SNDK is going to do okay. It's up to the individual to read and listen carefully. The company has done its job. Art