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Technology Stocks : WDC/Sandisk Corporation
WDC 155.45+3.0%Nov 25 3:59 PM EST
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To: Ausdauer who wrote (15556)10/13/2000 2:09:09 AM
From: docpaul  Read Replies (1) of 60323
 
I will go out on a limb here and state that Eli will not need to resort to defining earnings for the next 5 quarters in order to impress "The Street". Although I understand that SSTI has a lot to be proud of, I don't think that setting the precedent of prognosticating EPS estimates for 5 subsequent quarters is a good one. The next time earnings season comes around and they only give guidance for 1 or 2 future quarters the interpretation will be that management is skeptical about business prospects beyond.

With fair disclosure, the whole idea is that whatever guidance a company provides to an analyst, they have to provide through a press release. From the recent SSTI press release:

<<SST also announced its intention to adhere to the Securities and Exchange Commission's newly adopted Regulation Fair Disclosure. SST will provide its investors and analysts with guidance in the areas of total revenues, gross margins, operating margins and earnings per share each quarter in its earnings news releases and in its conference calls. SST will not provide any further guidance or updates on its performance during the quarter unless it does so in a news release.>>

IE, they have to tell us everything that they tell the analyst. So, given your remarks about SNDK's plans.. I would submit that NOT telling folks about future earnings might seem a bit dubious / mysterious on their part, as it will be a standard to announce these numbers in press releases.

If a company gets caught sharing them with analysts and not the individuals, the company is setting themselves up for problems..

Hope the SNDK numbers look good! :)

docpaul
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