WDC/Sandisk Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation

WDC 153.97

+0.7%

3:35 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Binx Bolling who wrote (15242)	10/2/2000 8:39:11 AM
From: Michael Gaudet	Read Replies (2) of 60323

From Merrill:SanDisk Corp (SNDK, $66.75, C-1-1-9) 00E $1.13; 01E $1.35 We believe digital products such as digital cameras, MP3 players and digital camcorders will be some of the best-selling electronics products of the Christmas season, as previously highlighted by Merrill Lynch analyst Peter Caruso. Given that demand for SanDisk’s flash memory products continues to far outstrip the available supply, we are reiterating our Buy/Buy ratings and our 12-18 month price objective of $135. SNDK stock was down over 8% last week due to what we believe was Kodak’s 3Q00 downside pre-announcement. Kodak is one of SanDisk’s largest customers. Kodak stated the company’s pre-announcement had nothing to do with sales of the company’s digital cameras, which are shipped with CompactFlash. In fact, we believe Kodak and other camera suppliers are underestimating the rapidly-growing digital camera market and we believe this pull-back in SNDK stock price represents an excellent entry point for buying the stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next