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Technology Stocks : WDC/Sandisk Corporation

WDC 181.53

+1.1%

3:59 PM EST

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To: Road Walker who wrote (18779)	1/29/2001 3:27:12 PM
From: Steve 667	Read Replies (3) of 60323

John, This doesn't make sense. You wrote: I think two things are at play here. One is that the OEM's started cutting back on orders in December, and not issuing new purchase orders, so there is some visibility that SanDisk has into the first quarter, and that is that the OEM's have sufficient inventory to carry them through. December orders would be for the first quarter of this year as you stated. What I am talking about is BELOW EXPECTED PRODUCT REVENUES FOR THE FOURTH QUARTER OF 2000! It was expected to be in the neighborhood of 188 million instead of 154 million. (34 million short) I am not talking about product revenues for this year, 2001! I AM NOT TALKING ABOUT A DECREASE IN ORDERS IN THE 4TH QUARTER! I AM TALKING ABOUT CARDS THAT ALL OF A SUDDEN NOBODY WOULD EVEN TAKE DELIVERY! This is not a slowdown, this is a crash into a brick wall! The economy slowdown didn't even become evident until November. So we go from having twice as many orders as we have cards and can't even fill them til 2001. From there we go to: not only are we now filling every single order from every customer (new and old), but we don't even have enough customers to buy all the cards we have made. All of this in just a couple of months. All this while more digital cameras were sold during the holidays that ever before in the history of the world. Something is rotten in Denmark! What is wrong with this picture? So I take it that customers can now call up SNDK and get orders filled the same days because there are $34 million dollars worth of flash cards just sitting around the SNDK warehouse collecting dust! Am I the only one here? Steve 667

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