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Technology Stocks : WDC/Sandisk Corporation
WDC 181.54+1.1%Dec 26 9:30 AM EST
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To: limtex who wrote (27277)1/25/2005 3:01:28 PM
From: Robert Douglas  Read Replies (2) of 60323
 
I notice that Bear Stearns continues their negative outlook for Sandisk. This morning they lowered their estimates for this Thursday's quarterly release from 23 cents to 19 cents. They did however raise their estimate for revenue to $504 million but lowered their gross margin estimate to 21.1% which is way below company guidance of 27%-30%.

It's strange that they lowered their projections just two days before the earnings are released.
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