Judging from the questions asked at the conference call, SNDK had a number of major investment analysts on the line--Merrill Lynch, Goldman Sachs, First Union, Morgan Stanley, Bear Stearns. One reason the stock is not reacting to the upbeat earnings may have to do with the investment firms not wanting to release opinions until AFTER they have bought the shares for their accounts. But the main reason is that many analysts, as Eli noted in the conference call, simply don't understand what SanDisk sells, and why SNDK products are different from, and aimed at different markets from those addressed by Intel, AMD, SSTI, etc.
Perhaps the analysts could learn something from this thread. |
