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Technology Stocks : WDC/Sandisk Corporation
WDC 167.98-1.2%1:06 PM EST
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To: Michael A. Gottesman who wrote (8747)1/22/2000 10:59:00 AM
From: Ausdauer  Read Replies (1) of 60323
 
Michael,

I listened to the VCALL this morning and wanted to remark. This analyst shorted every stock he talked about based on fundamental variables and the current multiple. He stated that SanDisk creates a replacement for floppy discs used in "electronic cameras" or for "taking a picture" of the storage of the internal workings of a PC???

He didn't even know of the one-time gains from the recent UMC merger or that SanDisk is a play on mp3. He also incorrectly predicted 2000 earnings of $1.07/share which is not in line with corporate guidance.

Anyone who follows this Thread knows substantially more than this guy. He shorted SNDK at $83 and is looking at a $22 loss right now going into earnings which may include such things as a confirmation of the JV with Toshiba and a possible split announcement.

His understanding of SanDisk is based on a minimum of knowledge of the company and a purely blinded fundamental approach. Personally, I only use fundamentals as a screening tool. After screening the d.d. is the hardest part of investing. He hasn't done his d.d., that is clear.

I still think SanDisk is misunderstood even by people who consider themselves professional investors.

Ausdauer
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