Jay,
"I just don't trust the Dr. even if they come in w/ good numbers - which they should do. The Dr. is what makes this stock like Las Vegas."
This isn't really directed at you personally, so please don't take it way--you were just the most recent post to say something like this. I know we've talked about it a little before on this thread, but I just want to say it one more time, and I will bite my lip forever more.
Eli has to tell it the way he sees it--good or bad. Aside from possible lawsuits, it is a question of Street credibility. If he sees a flat quarter ahead, and doesn't say so, then his credibility in the future is impaired. He is, as Michael has reported, trying to build a major company with Sandisk. He might be able to do this with SNDK, and he might not--they have a lot of things going for them, but they also have some very stiff competition. Having this goal, he cannot be concerned with how the stock acts in any given week or month in response to his telling the Street how he sees the next few months. If he were a huckster trying to pump the stock so that he could sell his stake, he would be concerned with this. Personally, I find his candor refreshing and reassuring. SNDK's markets have only just begun to develop. If the Eli is successful his goal, you will have a lot to smile about in a couple of years. |
