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

To: Jack Bridges who wrote (2908)	5/2/1998 8:23:00 PM
From: limtex	Respond to of 60323

Jack - 1. Meeting only lasted half an hour. A bit short isn't it? 2. What was the atmosphere of the meeting. Were the management friendly outgoing, seriuos, informative, enthusiastic, optimistic? 3. What is your concern about auditors going ot Japan? Sorry if I appear a bit slow. Jerome - I've been thinking about this. This stock may well end up doing very well but in the meantiime it hasn't shown the least spark of life. It lookms like there is more life on Neptune than in SNDK stock. Worse still it is heading inexorably for thge teens again and there is nothing to stop it this time. Just imagine what happens if there is a real correction in the market a 15% to 20% type correction - SNDK will be in single digit prices. We have all been waiting for Q2 and Q3 but what do you nthink Eli is gong to do? Even if this Asian thing has got better which looks very unlikey he will be double cautious agian and the earnings will have loads of provisions just in case. I mean the expectations of all of us are that the figures are going to take off. On reflection and sadly I think that is a pipedream and has become clear to all the insiders otherwise there would have been enough buying to at least hold the price where it was three months ago which was ithen 15% below the secondary of six months ago. Thiknig about it now I wouldn't be at all surprised if the earnings nly just came in at the analysts expectations and carry with them some caveat about Asia, Japan, Korea, bad European markets, Lexar, inventory problems, Smart Media and other competition etc. Just what to d about it I don't know except to hope that either I'm wrong or that someone gets Eli to do a buy out and take it back private. Having got that off my chest I'll probably go and buy some SNDK on Monday if it goes below $20.