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

To: Art Bechhoefer who wrote (24622)	1/21/2004 5:57:34 PM
From: BWAC	Read Replies (1) \| Respond to of 60323

Sure are a lot of suckers selling then? 60 now

To: Art Bechhoefer who wrote (24622)	1/21/2004 6:11:00 PM
From: Dave	Read Replies (2) \| Respond to of 60323

Art: Applying a P/E multiple while "simple" and "easy" may lead to an inaccurate estimate of value. John Burr Williams in 1938 wrote a book entitled, "Theory of Investment Value". The basic gist of this book is that any asset is "worth" the present value of all future, expected cash flows discounted at an appropriate interest rate. The street is "spooked" (for lack of a better word) over SanDisk's gross margin numbers. I would strongly recommend that you read: "Expectations Investing" You can find this book on amazon or half.com