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

To: broozer who wrote (27349)	1/27/2005 9:32:02 PM
From: Dave	Read Replies (1) \| Respond to of 60323

Broozer, It looks as if I was wrong twice today... Egads! As of the 3rd Quarter of 2004 and YTD, I believe that the JV has been profitable. See "Equity in income of business ventures". Perhaps some sleep is in order for me. Dave

To: broozer who wrote (27349)	1/28/2005 12:18:29 AM
From: akmike	Respond to of 60323

Hello Broozer, They talked about the "loss on investment in foundries" on the CC. That is the investment in Tower Semi that they wrote down to approximate the value of Tower. My guess is they timed this writedown to occur coincident with the blowout quarter.....kind of gets lost in the excitement. My belief is that the accounting rules require them to mark this investment in a public company (Tower) to the market at the end of the annual accounting period. Not a discretionary writedown. Congratulations to all who withstood the "advice" about declining margins and lower than promised net income. Best regards, Mike