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Technology Stocks : WDC/Sandisk Corporation
WDC 155.64-2.7%Dec 3 3:59 PM EST
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To: Manx who wrote (11221)5/19/2000 5:16:00 PM
From: Starlight  Read Replies (1) of 60323
 
Yes, Manx, you're missing something because Yahoo has the PE figured wrong. The 1999 SanDisk annual report shows earnings of $.43 for the year. Divide that into the price and you don't come up with 19 - right? I figured it to be about 133 on a price of 57 1/2. Take a look at the RESEARCH on Yahoo about SanDisk. You'll see that it's in the Computer Storage Devices industry, and when you look at other stocks in that industry (click on the industry name and a whole list comes up), you'll see these stocks among those listed (and their PE's by clicking on the stock symbol): SSTI - 215, DRXR - 23, EMC - 119, NTAP - 405, ECCS - 103. As you can see, PE's are all over the map with these companies.
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