You're totally right Stan, your figures are correct if I remember well. As regards growth I agree with you about the potential of SNDK.
Though, there are more and more competitors today in addition to the Intel/M-Systems consortium and the Toshiba consortium, for instance :
today, Motorola's Microprocessor and Memory Technologies Group and Mitsubishi Electronics America's Electronic Device Group announced an agreement to jointly market DINOR MobileFLASH(TM) memory devices. Under the agreement, Motorola's Dynamic Memory Products Division will market flash memory devices that use DINOR MobileFLASH technology developed by Mitsubishi. Motorola and Mitsubishi have worked together to fully test and qualify DINOR MobileFLASH. Initially the agreement calls for Motorola to purchase Mitsubishi finished products for resale. However, later in 1997, Motorola plans to purchase bare die from Mitsubishi to package, assemble, and test per Motorola's high quality specification standards.
The first product Motorola will offer is an 8-Mbit CMOS boot-block DINOR flash memory device. The new device offers 3.3V-only operation, high-speed random-access capability and fast erase time. The DINOR architecture is designed to avoid the over-erase phenomenon that has troubled flash memories in the past. It is ideally suited for high-density low-power applications such as portable computer, mobile phone, local area networking, telecom, and flash PC card applications.
This was just to remind you and others that SNDK is not alone in this market even though it clearly is a market leader (poor us shareholders).
Still I remain a very bullish shareholder of the company as well as of M-Systems.
Good Investing,
Jerome |
