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Technology Stocks : WDC/Sandisk Corporation
WDC 179.56+0.7%Dec 24 12:59 PM EST

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To: ED PLOPA who wrote (1037)10/21/1997 4:30:00 PM
From: Jim Cash  Read Replies (1) of 60323
 
Ed,

SNDK is expected to earn .19 for the next QTR. They were also expected to earn this for the last quarter. "FLATNESS" was already built into the estimate. Now SNDK goes out and blows away their estimate for the quarter. Their CEO states that revenues will be flat for the next quarter. Since they beat their estimate, "flat" revenues means they will beat their estimate again the next quarter. There was no need to make the "flat" statement as it was already factored into the earnings estimate. He should simply shut his mouth and beat the estimate again. We all believe in SNDK long term but should not be put through the shit that has gone on in the last week.. Frankly I think the CEO should exercise better judgement in his comments.
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