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Technology Stocks : WDC/Sandisk Corporation
WDC 152.88-5.9%Nov 18 3:59 PM EST
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To: Loren who wrote (2033)12/11/1997 12:19:00 AM
From: James Choi  Read Replies (1) of 60323
 
In my opinion, 22 is the rock bottom for this promising company. The asian flu is sweeping the nation, but SanDisk's raw materials are made in Korea and Japan, both of which are going through currency devaluation of historical magnitude. Korean currency is worth half as much compared to nine months ago. If the deal was made in local currency (I recall reading so in their SEC form), then SanDisk is getting these wafers at half price from Korea now.

Even with competitors, CompactFlash sale has to be greater than the year ago considering hardly anyone knew about CF then. I stopped by a local Wolf Camera and SanDisk was the only brand there, and well stocked. I asked the clerk how those are moving. "Very well," he said.

So, I put all money I have into SanDisk at 22. I have this strong hunch that it will go up to 33 by the time surprisingly good earning is released. With the CEO being the way he is, the only surprise you will ever get is upside surprise.

That 22 to 33 rise sounds good to me. Until then, I am going to sit on SanDisk stocks no matter what.

I think I found the next Intel or next Microsoft. I am sure there were questions about competition and this and that in early days with those companies also. To me, SanDisk is as good as it gets in terms of catching a great company in early stage.

Let's hope that my judgement is right.

James Choi
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