WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 200.46

+6.8%

Jan 9 9:30 AM EST

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To: Art Bechhoefer who wrote (25560)	4/14/2004 4:20:37 PM
From: Kayaker	Read Replies (3) of 60323

Initial reaction not so good. Stock trading at 30.30 to 30.50. Edit: trading 29.75 ...trading 29.15 ...trading 28.90 ..... what a haircut! SanDisk Announces First Quarter Results Wednesday April 14, 4:17 pm ET Year-over-Year Increase in Revenues of 122% and Operating Income of 184% SUNNYVALE, Calif.--(BUSINESS WIRE)--April 14, 2004--SanDisk Corporation (Nasdaq:SNDK - News), the world's largest supplier of flash storage card products, today announced results for the first quarter ended March 28, 2004. First quarter total revenues increased 122% to $387 million compared to the first quarter of 2003 and were essentially unchanged from the seasonally strong fourth quarter. First quarter product sales were up 118% year-over-year and down 4% to $339 million compared to $353 million in the fourth quarter. Income from license and royalties increased to $48 million, up 153% and 34% year-over-year and sequentially. First quarter operating income was $99 million, compared to $35 million and $109 million for the first quarter of 2003 and the fourth quarter of 2003, respectively. The first quarter effective tax rate was 37% compared to 20% in the fourth quarter of 2003. Earnings per share were $0.34 per diluted share compared with $0.17 per diluted share in the same quarter of 2003 and $0.47 per diluted share in the fourth quarter of 2003.... biz.yahoo.com

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