Dear Kash,
Your posts were VERY good. I almost totally subscribe to what you said. Thank you Kash.
I do sincerely hope that everybody here read your comments thoroughly for they are fundamental.
Rex already pointed out that Hitachi is the beast in this game. They have the power and financial capabilities to crush SNDK both in terms of innovation and competitive prices.
Their connections within the industry are also more efficient than SNDK's. When SanDisk releases a new product, they always come out with a better one and usually, it's already available whereas SanDisk's are 'due to issue samples the next quarter'.
You're all going to say, how do you know, Hitachi doesn't make much PR in this area? Well, the industry knows, and that's the more important. Hitachi WANTS to be the leader. Nobody heard Hitachi works on a technology similar to MMC? (Just asking). This would be no surprise, it's consistent with their goal.
So, as Kash said, SanDisk better refocus its strategy and bail out of UMC.
Anyway, I don't like the way the company has been playing with our money.
Limtex, you repeated many times that SNDK should be kept private. The thing is they're not. However, Eli continues to act without the slightest respect for its shareholders.
Look at his wealth and that of its directors. It increased tremendously since the company IPOed and did the Sec. They don't give a sh*t to making money and create shareholder value.
By building a solid 10Q they secure an immunity to insider trading and misrepresentation of facts but that's forgetting we are not the dumbest shareholders on earth. They did misrepresent facts and made insider trades the recent purchase by a director could just be an alibi. The scheme is figured by smart people and will be hard to fight but there are so many things which hint that my assertions are correct.
As you said Kash, Eli is brilliant but he's greedy and selfish. I bet my reputation on this thread that the company will be the subject of a class-action lawsuit within the next 2 years, if not sooner.
We should all be working hard to have him fired.
To wake up your instincts, remember Dr Eli's words last November when he KILLED the stock. |
