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Technology Stocks : WDC/Sandisk Corporation
WDC 161.32+2.3%1:08 PM EST

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To: Dan Hamilton who wrote (16875)11/29/2000 2:41:17 PM
From: Andre Williamson  Read Replies (1) of 60323
 
Individuals, institutions - doesn't make a difference. The fundamentals do.

That chart is nice and pretty, but SNDK earnings were roughly flat for years up to half way across that chart. Earnings are now in hypergrowth (150%+ YOY), and it's unrealistic, based on the fundamentals, to believe the stock deserves/should maintain a 15 P/E for very long, given current trends and prospects.

JMO

Andre
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