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

To: limtex who wrote (3174)	6/5/1998 10:03:00 AM
From: Yakov Lurye	Respond to of 60323

Limtex, among several semiconductor stocks I own there are quite a few that had exhibited similar behaviour to SNDK. Something could be easily wrong with one of them, but when the declines happen across the board, I tend to think that the whole sector is out of favor. SOXX index composed of larger stocks in the sector is down 25% since April - and smaller stocks are typically more volatile. Also note that SNDK secondary was done in October, which means that lockout probably ended in March. Even when the current price is below the IPO price, increase in float tends to depress the share price. Take a look what happened to TDFX - their product is in great demand, stock is down from 34 to 18. Just my opinion. Y.