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Technology Stocks : WDC/Sandisk Corporation
WDC 140.23-8.9%Nov 20 3:59 PM EST

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To: Craig Freeman who wrote (16829)11/25/2000 5:55:54 PM
From: lbmiller2000  Read Replies (1) of 60323
 
Craig,
>>Expected earnings for SSTI, TSM, UUMC and SNDK remain almost unchanged. How can analysts downgrade stocks in this environmment if they have no change in earnings to offer?<<

One answer is that the analysts believe that the 2001 market will have lower valuations against the same earnings. In general, this means a lower stock price against the same earnings resulting in a lower p/e.

My opinion is that SNDK's valuation 'adjustment' has happening during the last couple of months and, that once the presidential election is decided and Greenspan loosen's the rein's on interest rates (in Jan'01 I predict), SNDK will make up for lost time! Keep the faith!
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