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

To: Ron Wilhoit who wrote (1050)	10/22/1997 4:45:00 AM
From: Mike Winn	Respond to of 60323

No Ron, I disagree with you. The secondary is no problem as the money will find good use and the stock will get promoted by the underwriters. The problem is the company said earnings will be flat for the next few quarters and that scared people away. A company with flat growth cannot afford to have the kind of PE this stock has. But the fact is this company does grow by leaps and bounds and there is no truth to the CEO's statement. For some reason only known to himself and the CFO, the CEO "downgraded" his own company. Talking about analysts coverage, I ran into an article on EETimes this afternoon stating that both Morgan Stanley and Merril Lynch are now covering this stock. I will post the URL tomorrow because the site is down at the moment.