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: Cardin Drake who wrote (13264)	7/23/2000 1:39:33 PM
From: TREND1	Read Replies (2) of 60323

Cardin Drake Do you want to respond to this HAL3 posting? ......................... Larry, [Corrected version -- please delete my previous post]. As before, Cardin supplies the type of analysis we most need. His .44 EPS number is based on a 35% sequential revenue growth assumption. This brings up the point that I think recent posting on SI and elsewhere shows confusion about what guidance we have for sequential growth. Many posters refer to growth numbers without saying what growth they are talking about: megabytes, revenue, or earnings. Cardin is lucid on this but his 35% revenue growth assumption is not in line with the 20% Q3 growth many posters reported as indicated in the CC. (WAS THAT 20% REVENUES OR MEGABYTES? I assume revenues. That is the optimistic interpretation). A good chunk of the Q2 surprise seems to have been from royalties, which everyone expects to dip in Q3. So Cardin's 35% revenue growth assumption vs. 20% guidance is an important question I think. To add to the confusion, ML estimates 1.13 for FY2000 and 1.35 for FY2001 -- essentially identical to Goldman's 1.15 and 1.35. These are REVISED estimates after the CC. There is no way to explain these estimates from SNDK guidance -- is there? And Value Line estimates 40%-45% EARNINGS growth (to Cardin's 33%). This is a very confusing picture which promises more volatility, again. I know Ausdauer would say "focus on the big picture" but for those of us who are struggling to be strong hands -- but have weak stomachs -- it would be nice to at least get consensus as to what we believe Sandisk's guidance to be. Any chance we can get Cardin to comment? ............................................ Larry Dudash PS: Aus joined HAL3, hope you do too !

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