WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 174.21

+6.9%

Nov 10 3:59 PM EST

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To: TREND1 who wrote (12521)	7/5/2000 10:19:31 AM
From: Michael Kim	Read Replies (1) of 60323

This is where everyone's beliefs in this stock will be challenged. I personally was expecting SNDK to start its climb back up to appropriate levels - the market seems to disagree with me. But when I reexamine the fundamentals: 1) SNDK is a dominant player in a double-digit growth industry. 2) SNDK has positive earnings 3) SNDK is NOT an internet stock 4) SNDK is NOT a pure chip play 5) SNDK has valuable IPR in the flash memory space 6) SNDK has a P/E that is not out of this world (i.e., < 1000), even after adjusting for the one time gain. 7) SNDK is connected to least 3 huge markets: digital cameras, MP3 and Palm, where demand is driven by consumers hungry for devices < $500. This demand will not be decreasing in the second half! Sure, a lot of short-termers won't be able to stomach the choppy ride and will bail out. But the rewards will be there, we just have to wait for them. I wouldn't expect to have a double/triple bagger in the next couple months, but give it six months to a year and you might. Until then, the only thing to do is...buy more!

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