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Technology Stocks : WDC/Sandisk Corporation
WDC 221.57-0.2%Jan 16 3:59 PM EST

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To: broozer who wrote (26970)11/17/2004 2:35:22 PM
From: Pam  Read Replies (1) of 60323
 
Hi Broozer,

I agree, Sandisk has not been generating enough FCF's and will need to come back to capital markets to raise more funds either in 05 or 06.

<OPAT (@ 37% tax) + depr - capex >

Your formula above is basically correct except you have to subtract Net Increases in W/Capital also. There are some more minor adjustments also but could be ignored.

-Pam
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