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Technology Stocks : WDC/Sandisk Corporation

WDC 155.45

+3.0%

Nov 25 3:59 PM EST

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To: Robert Stewart who wrote (289)	12/30/1996 6:07:00 PM
From: Marc Phelan	of 60323

Stanley, It looks as if the "earnings" will be alright. But revenues are a concern. 'the outlook remains good.' is always good to hear. Dow Jones Business News -- December 30, 1996 SanDisk Sees 4Q Revs Flat With 3Q Revs SUNNYVALE, Calif. -- SanDisk Corp. (SNDK) expects fourth-quarter product revenue and product gross margin to slip from third-quarter levels, with total revenue for the quarter ended yesterday coming in about flat with the third quarter's $26 million. For the third quarter ended Sept. 30, SanDisk reported earnings of $3.6 million, or 15 cents a share. For the fourth quarter last year, the company reported earnings of $2.7 million, or 12 cents a share, on revenues of $19.2 million. In a press release, SanDisk said it expects total gross margins and operating income for the quarter to increase from third-quarter levels due to a recent cross-license agreement with Sharp Corp. The company said that longer term, ''the outlook remains good.'' Marc

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