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

To: Pam who wrote (26964)	11/17/2004 12:06:30 AM
From: broozer	Read Replies (1) \| Respond to of 60323

Pam Everyone will be converting as the conversion price is something like $9. Another 16.2M shares. That is one of the problems with SNDK....excessive shareholder dilution. Although they are growing EBIT quite nicely, the increase in diluted shares o/s is growing almost as fast. I was just cruising through AMZN's site the other day and they had a 512MB SD SNDK card for $29.99. We are well on our way to steeper than the anticipated 30% price cut this quarter. Can you believe it is not even Thanksgiving and this is happening? Irrational pricing....great for customers, bad for investors. Best, Parkite