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

To: limtex who wrote (20635)	7/29/2001 9:07:56 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

Limtex, if we buy into your assumption that the U.S. economy remains at its present level for three years, then I gotta tell you that we are all in deep trouble, including SanDisk. Did you know that the latest gross domestic product data released last Friday show the growth level down to 0.7 percent? That's really low. I don't think we can afford an assumption that it gets no better for three years. Second, it is unwise to assume that only the United States counts. SanDisk and many other high technology companies sell into a world market, which is expanding at respectable rates in some areas, such as China. It is not a good idea to make assumptions about the impact of worldwide demand on a company like SanDisk merely on the basis of the underperforming U.S. economy. What we should all worry about is whether the U.S. is adopting the kind of policy that will produce worldwide growth, not just growth in the U.S. (which is pretty much impossible, given the interdependent economies in the world today). A growing number of economists are beginning to see that a stimulus directed at lesser developed countries is a more efficient (and more politically desirable) way of spurring economic growth. Art