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

To: NHP who wrote (21452)	1/16/2002 9:26:51 AM
From: Art Bechhoefer	Respond to of 60323

I interpret "beneficially" to mean simply held in street name on behalf of several client accounts (perhaps funds managed for one or more clients). What is significant about the statement is that for the same reporting period, SSB reported a gain in its holdings, whereas some other institutional holders either had no change or actually sold some shares. The sale of shares by Seagate about two years ago placed a lot of shares on the market, with no institutional accounts ready to soak up the glut. That, together with a subsequent oversupply of chips, was a one-two punch from which the shares still haven't recovered. Maybe the SSB report is an indication that things are about to change. Yet I'm worried because SNDK hasn't fulfilled its earlier goals of establishing kiosks for printing digital images, nor have they gotten anywhere with the medical ID project. Narrowly focusing on what is essentially a consumer product doesn't have as much investment appeal as a variety of potential applications, some of which aren't dependent on consumers. Art