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Technology Stocks : WDC/Sandisk Corporation
WDC 162.40+2.9%Nov 17 3:59 PM EST

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To: Derek C. who wrote (8513)12/28/1999 6:00:00 PM
From: Bargain Hunter  Read Replies (1) of 60323
 
Does anybody have any more information about the announcement in las Vegas next week during CES?

The announcement will probably be an update on the progress of the SD memory card collaboration. [See sandisk.com for the earlier press release.] I expect them to announce the product name, perhaps an organization similar to the CompactFlash Organization, some prospective partners and maybe some prototype devices. There could also be a large number of announcements of design wins for CF and MMC. Expect to see many flash-based devices at CES.

There has been a lot of speculation about a stock split. The board is clearly contemplating a split. My guess is that they will announce a 2-for-1 split with the Jan earnings release, provided that results are reasonably good and the stock price is near or above $100. I do not expect a 3-for-1 because that would bring the number of issued shares very close to the limit, reducing flexibility in doing takeovers etc.
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