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Technology Stocks : WDC/Sandisk Corporation

WDC 155.47

-4.3%

2:04 PM EST

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To: Bhag Karamchandani who started this subject	3/18/2004 7:35:39 AM
From: Pam	Read Replies (2) of 60323

A lot of news on SNDK today at yahoo. Also on Briefing: 07:15 TSEM Tower Semicon guides Q1 revs higher (6.63 ) Co expects its Q1 revenue of $26.5-$27.5 mln, up from previous guidance of $23-$25 mln and vs consensus of $24.4. mln. Does anyone know how much of this business is from SNDK? What percentage of SNDK's total revs is controller component? We can try and get a rough rev number for SNDK for this Q based on what has happened in the past. Also, this piece from WSJ as reported on Briefing is disturbing: 07:11 WSJ article suggests recent move in semi stocks might provide chance to "lighten up" The WSJ's column "Ahead of the Tape" discusses semiconductor sector that peaked out in mid-Jan. and has been slipping since. The article notes that in the past two days, investors have been getting into the sector. The thinking is that anything down must be a bargain. However, the article suggests the recent move could be providing a chance to lighten up. No one wants to believe that the cycle has maxed out. According to the article, the time to sell semis is when all the co's are reporting good news, when margins are high and when you can't swing a mouse without hitting a bullish analyst. National Semiconductor had a strong earnings report and outlook last week, Texas Instruments had an upbeat forecast, but the stocks didn't respond well. This raises some speculation that investors are anticipating some difficulty ahead. Moreover, there have been pockets of mediocre news. Agere, a maker of communications chips, warned that its current quarterly earnings would disappoint. -Pam

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