WDC/Sandisk Corporation Message Board

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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: Zeev Hed who wrote (10910)	5/9/2000 7:15:00 PM
From: Ausdauer	Read Replies (5) of 60323

Zeev, "The market is simply going back to more traditional valuations..." If valuations are being reset at lower levels I think it is even more important for analysts following SanDisk to step forward with newer estimates for the year and help give SanDisk some support. At 4x last quarters earnings we will earn 84½ this year (2000). That is with pathetically flat revenue and earnings growth, which is not the direction that SanDisk has given. Growth will be equal to the average quarterly growth for the past several quarters. The current stock price corrected for the cash position and totally excluding the intangible value of the extensive patent portfolio yields a PE somewhere in the mid-60's based on 15% sequential quarterly growth from Q1's results. I hardly see SanDisk trading at a PE of less than 60 (using these assumptions) without institutional buyers stepping up in big numbers. Where are the analysts following SNDK and why don't they have the guts to make some bolder earnings predictions? Also, did everyone stop contributing to their IRA's all of a sudden? I thought unemployment was at an all-time low?!? Where is all the cash sitting on the sidelines going, to bonds? Ausdauer

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