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

To: NHP who wrote (21355)	12/19/2001 9:40:59 PM
From: orkrious	Respond to of 60323

All in all I think there is a credibility problem here. I sincerely hope I am wrong. You're not wrong. When was that glowing interview by Eli only to have a bad warning two weeks later? I am disgusted by management. Everyone talked about how good management was, but look at what has happened to the company. I unloaded in the mid 20's, but after watching it run almost to 200. ork

To: NHP who wrote (21355)	12/19/2001 9:48:05 PM
From: Ausdauer	Read Replies (2) \| Respond to of 60323

NHP, Three things from 2001 bug me. First, Eli gave such a very upbeat market review earlier in the year just as the shit was hitting the fan. I can't believe he is that blind. In hindsight I think that particular interview etched away some of his credibility. Second, even leading into the last c.c. there was still a push to get Dominion up and running full throttle. Dominion was built up to be the solution to the capacity crunch and the low cost solution to manufacturing. Now Dominion is defunct. What is wrong with this picture??? Third, SanDisk has withdrawn greatly from its relationship with UMC and I believe Frank C. said there were plans to liquidate shares. This, on top of current cash on hand, seems to be a reasonably safe cushion. Now long-term shareholders see their assets diluted by this convertible offering. What is going on? Are they planning an acquisition? Are they going to start a comprehensive branding campaign? Why is raising cash such a priority now? Was it timed to coincide with the Toshiba announcement just to scare the bejesus out of shareholders? I hate to say it, but one can't help but feel left completely in the dark. I can't believe that such issues are planned less than 3 months in advance. Maybe it's true what they say about creating a business plan on the back of a martini napkin. Aus@martini_napkin.com