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Technology Stocks : WDC/Sandisk Corporation
WDC 181.95+7.3%Dec 10 3:59 PM EST

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To: Knight who wrote (16897)11/30/2000 2:22:03 PM
From: Dan Hamilton   of 60323
 
Just going from what Multex shows as consensus earnings, Sandisk would have a current PE of 29, based on $1.27 for this FY. Earnings for FY2001 are shown as $1.53 so that would be 20% earnings growth. Forward PE would be 24. So the PEG for 2001 would be 1.2.

In addition to all the general market carnage, perhaps the relatively staid earnings growth predicted for the coming year in SNDK is giving investors concern. Add to that the worry of earnings revisions (for many companies, not just SNDK), and perhaps it doesn't yet appear as a screaming bargain. All IMHO.
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