WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.68

-1.0%

3:59 PM EST

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To: orkrious who wrote (12712)	7/9/2000 9:13:55 AM
From: Ausdauer	Read Replies (1) of 60323

I was just wondering... ...if anyone wanted to make any final comments about my comparison of SanDisk with Symbol Technologies. Message 14011193 Message 14011303 Again, I see the characteristics of the companies to be quite similar. I have posted the most significant differences above. As of Friday Symbol closed at $54/share yielding a PE of 62 based on 1999 EPS of 87¢ with a forward PE of 52 based on anticipated EPS of $1.03/share. ___________________________________________________________________________________ The point of the entire exercise is that I think only one of five things can be true... 1) SanDisk's growth rate is not factored into its current earnings multiple. 2) SanDisk's current earnings multiple is discounted due to volatility and risk. 3) Symbol Technology is overvalued. 4) The 2000 estimates for SNDK, which are now 87¢ by concensus, are accurate based on company guidance. 5) Comparing earnings multiples is invalid given the maturity of Symbol Technologies and the nascent markets SanDisk serves. Ausdauer

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