WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.56

+0.7%

Dec 24 12:59 PM EST

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To: Sam who wrote (18972)	2/7/2001 11:21:10 PM
From: Ausdauer	Read Replies (2) of 60323

Operating loss of $54.3 million on $88.0 million in sales for 2000. Whew! No company can long continue with numbers like that. Sam, I just listened to the c.c. and analysts expressed concerns about the cash burn at Lexar. Also, one analyst asked about the covenants of the line of credit/loan agreement and wanted reassurance that none of the clauses of the loan default had been tripped. The CEO said the loan was not it jeopardy. At Lexar liquidity is a huge issue. Now they want to buy flash chips on "consignment" like they are selling antique furniture. Will their flash suppliers share the risk just because Lexar gets stuck with expensive inventory they can't move without hefty rebates? I doubt it. Aus

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