Brian and Thread,
c.c. and earnings reflections...
First, the Reuters report you posted is brief and does not do justice to the current situation. I hope it is interpreted in light of the multiple other positive aspects of the SanDisk earnings report.
Second, I don't think that Eli should have to take the abuse he did in the conference call. Year-over-year revenues and earnings are extremely strong. The balance sheet remains strong. And they are allocating deliveries because demand for product is extremely high. They foresee the earthquake impact being confined to Q4 and expect to meet analyst expectations for 2000 eps.
This is great news. Indeed, this is not the "blowout" I had predicted, but it is a very, very respectable quarter.
The entire flash memory industry is booming now. All manufacturers are hurting for raw materials. SanDisk is addressing growth related issues by breaking out of the dependence and limitations of the fabless model. It has great plans to strike a final arrangement with two electronics giants in the first quarter of 2000.
Third, obviously, I have no intentions to sell any of my shares. I have increased my personal holdings substantially over the last few weeks and have the patience to stay the course that Eli and Crew have charted for us.
I repeat my interpretation of recent releases as being significant and contributing substantially to the long-term growth of this company.
Fourth, I hope that institutional investor and small, private investors alike are able look ahead into the future and visualize the markets that SanDisk is serving and to see how SanDisk is positioning itself as major players in these markets.
Finally, I am glad I am not required to report my quarterly gains or losses like most of these institutional guys do. My only concerns are for the long term appreciation of my investment. I believe that Eli and his crew share this same long-term view.
Eli, no apologies needed for a record quarter!!!
Go SNDK!
Ausdauer |
