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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: StanX Long who wrote (9483)	4/17/2003 9:02:54 PM
From: StanX Long	Read Replies (1) of 95531

SanDisk sees Q2 revs flat w/ Q1 total of $174.5M(12:01 pm ET) SanDisk (SNDK: news, chart, profile) is rising more than 21 percent to $21.70 after the Sunnyvale, Calif., flash memory firm reported first-quarter earnings of $24.9 million, or 33 cents per share, up from its year-ago loss of $3.7 million, or 5 cents per share. The latest results exclude pre-tax unrealized losses of $6.7 million related to re-valuation of the company's equity investments in Divio and Tower Semiconductor. Analysts polled by Thomson First Call were looking for a profit of 18 cents per share in the period. Revenue leapt in the latest three months to $174.5 million from $92.6 million in the same period a year earlier. Looking ahead, SanDisk expects a flat sequential revenue performance in the second quarter.

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