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

To: limtex who wrote (24793)	1/30/2004 4:06:07 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Limtex, I'm sure that adding SNDK to a major index had some impact on the share price, but the current dip is due mainly to the notion that the industry faces overcapacity and pricing pressures. When portfolio managers see dark clouds on the horizon, the bail out, even when the skies are mostly sunny. A P/E of less than 30 when earnings are the strongest in the company's history is just plain silly. Compare with Amazon.com, which had a profitable quarter (one of the few in its history), is loaded with debt, and deals solely in commodity type merchandise. Doesn't make sense. Art