WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.12

-0.9%

12:58 PM EST

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To: Ausdauer who wrote (23818)	10/13/2003 4:15:08 PM
From: Art Bechhoefer	Read Replies (1) of 60323

A non event? The court ruling confirms what we've known for a long time; namely, that there are different ways to design a flash memory chip and that not all designs infringe on SanDisk's key 987 patent. It's one more example of the commodity nature of the business, and the need for SanDisk to remain one of the low cost providers. It also, in my view, suggests that, despite strong growth in demand, there is a limit to how high the stock can go in the near term. Unless the earnings report on Wednesday is much better than anticipated, I think the upper limit for the stock in the next two to three months is somewhere between $75 and $80. This assumes no surprises in growth, and above all, no unpleasant surprises in the economy due to uncertain factors such as Iraq. At current price levels, the risks are beginning to outweigh the near term rewards. Art

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