WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 176.87

-2.4%

Dec 22 3:59 PM EST

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To: Pam who wrote (26261)	6/29/2004 12:00:58 PM
From: Art Bechhoefer	Read Replies (2) of 60323

>>The problem is that the supply that is coming on-line is likely to be more than the current markets ability to absorb it.<< I don't see any data that would indicate a glut of chips. Just the opposite seems to be true. Too many new applications are eating up whatever surplus might have existed a couple of months ago. On the other hand, I don't see much increase in average megabytes per unit because of the rapid increase in card sales for camera phones. This could actually REDUCE average mb/unit. There has been a marked change in market sentiment today, based on Iraq, lower oil and gasoline prices, higher consumer confidence, etc. I think the short position in SNDK will drop quickly. The share price improvement this morning points to a significant change in direction. Art

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