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

To: limtex who wrote (2995)	5/16/1998 10:29:00 PM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Limtex, it's an absolute certainty that SNDK won't fall below $5 per share anytime soon. At that price you could buy every share then use SNDK's checkbook to pay everyone :^) The company has near-zero debt, gobs of cash, rapidly growing revenues, a reasonable P/E, and a very low fixed overhead. Unlike any other public company I can think of, SNDK could fire everyone and still rake in millions in royalty profits. IMHO, the downside risk is almost nil. The only thing that keeps SNDK from being bought out is their antitakeover measures ... which dissolve away if the offer exceeds about $40 a share. I suggest you hold out for that price and forget daily market fluctuations. Craig