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

To: Justin C who wrote (3355)	6/20/1998 11:37:00 AM
From: limtex	Read Replies (1) \| Respond to of 60323

Justin - Goldman Sachs sold the secondary last October if I'm not mistaken. I'm not usre how they can issue such a statement when the CEO says that the company has no orders, no growth in unit sales, a decline in revenues, no improvement into the next Q, proiblems in Japan, problems with competitors, problems with new d-cameras that don't even use CF, no beneift from the declining Yen for product components in fact overall declining margins. And who kknows what other bad news that they didn't announce yet. There wasn't a single piece of practical good news in that announcement. Having said that maybe there is a piece of good news that has nopt yet occured and that hasn't been announced In the meantime the price goes to $12.5. I wonder if any of the insiders bought stock on Friday? But maybe GS knows something that the CEO doesn't. Regards, L BTW anyone have a copy of what GS had to say?