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

To: Jim Greif who wrote (1798)	11/24/1997 12:04:00 PM
From: Mike Winn	Read Replies (1) \| Respond to of 60323

Jim, I think the potential for flash application, especially with the MMC, is going to be enormous. The size of the MMC, its reliability, ruggedness, and its future storage capacity (128MB) will appeal to a lot of products. I think the mutual funds should love this stock because the company will grow for many years to come. The last time I checked the IBD, if I recall correctly, institution ownership stood around 20%-30% which is not too high, not too low, and that's great because we don't want to be in a stock that is already discovered, nor in a stock that nobody knows about. Unfortunately in the short term, we will have to stomach these roller coaster trips with the market. I am just afraid that with no coverage until the secondary is over, this stock may drift down to the low 20s again. I still have plenty of cash to move in if that happens. Long term, I think we will be at $60-$80 no later than the end of next year. Mike.

To: Jim Greif who wrote (1798)	11/24/1997 1:37:00 PM
From: Michael C. Woodward	Read Replies (1) \| Respond to of 60323

This is one of the best threads on SI. Mike Winn pointed out that institutional investors hold 20-30% of Sandisk. One recent post mentioned that the following held Sandisk: Fidelity Management 8.2% (1,865,000 shares) Wellington 3.3% (758,000 shares) Dawson Samberg 1.6% (363,000 shares) And don't forget that Seagate still owns 25% prior to the secondary offering. I worked in high tech management for more than thirty years. I have been through all the ups and downs of the semiconductor industry. A company can be performing very well and still have low stock prices because the institutional investors happen to be down on the industry. I'm sure that you read that excellent paper by Rex Dwyer and Jerome Wittamer recently. I am not one to hold stocks for a long period of time. But, Sandisk is one exception because I really believe that we will see $50 to $60 in 1998.