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

To: Jim Cash who wrote (3369)	6/22/1998 5:13:00 PM
From: limtex	Read Replies (1) \| Respond to of 60323

Jim - This stock held at $13 and change today ...why??? On Thursday they issued a really unpleasant announcement that said :- 1. Marginally profitable this Q as against estimnated 19c. 2. Low backlog 3. Increased competition causing lower than expected margins 4. Huge inventory write down. 5. Japan economy and retail problems. 6. Late delivery to the market of new cameras using CF 7. Competition from D-cameras that don't even use CF 8. No much " visibility" into Q3. How amny other companies have issued this knid of "warning" have seen theri stock price shot to pieces. No not this one it sits there at $13 when by all reasonalbe expectations in this kind of market it should by now be in single figures. And all this after the strange drop on thje day of the announcement. Tell me this is normal market behaviour!!! Or better still pick up the phone and call the SEC. Wouldn't it be nice if something really big and nice be announced soon!!!!!!!!!!! wouldn't it just too .... too late for some of us of course but thats tech stocks eh!!!! or is it ... let's just ask the SEC. Regards, L