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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 9:30 AM EST

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To: Ausdauer who wrote (9062)2/4/2000 3:43:00 AM
From: Derek C.  Read Replies (1) of 60323
 
Merrill Lynch picks SANDISK

biz.yahoo.com

Merrill Lynch said on Thursday it has identified seven technology companies that should benefit from the proliferation of electronic appliances (e-appliances) made possible by advances in chip technology.
...

The handheld device market is expected to grow to $1.1 billion by 2003, up from $420 million in 1999. Companies poised to benefit from this market include makers of flash memory, which does not need power to retain its stored information. SanDisk Corp. (NasdaqNM:SNDK - news), is one of those companies, and Merrill Lynch has rated it with a near-term accumulate and long-term buy ratings.

In addition to the handheld device market, SanDisk also supplies flash memory to markets for digital cameras and MP3 players, which are devices that let listeners enjoy songs that have been digitally transferred from the Internet, Merrill said.
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MP3 players, the devices that let listeners enjoy songs that have been digitally transferred from the Internet, represent another e-appliance market that Merrill Lynch estimated will see demand for semiconductors grow 57 percent a year through 2003 to a $338 million market.

Two companies that are well-positioned in the MP3 market include SanDisk and Texas Instruments Inc. (NYSE:TXN - news), which is rated buy for both the near-term and long-term. Texas Instruments also is an emerging player in the DSL and cable modem chipset markets.
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