WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

3:59 PM EST

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To: Art Bechhoefer who wrote (6114)	6/22/1999 4:15:00 PM
From: NHP	Read Replies (1) of 60323

Hi Art, Just some additional thoughts along the lines of a comment you made! >>The ratio of the price per share to sales per share, in my opinion, is a better indicator of where the stock should be.<< IMO the P/E approach also looks pretty good for SNDK. The trailing P/E as of today s nominally 100. If the whisper number of $.18 for the past quarter holds, and is annualized to $.72 (a conservative estimate IMO), then the current share price of $43 would hold up even with a P/E of 60. A P/E of 100 would take the share price up to 72.00. Judging from the number of digital cameras I see in the computer catalogs I receive, I would expect sequential earnings to rise, and be greater than $.18 for some time to come. The tax question I was going to ask concerning appreciated Calls is now academic. I simply will exercise my SNDK July 25's, so there will be no taxable event taking place at that time. I didn't get a copy of the Economist that you recommended,but I'm considering subscribing to the on-line edition. NHP

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