Weighing in. It is a pretty tough call on where its going tomorrow or this week. I think it was a really good report. But Eli's forward looking comments were mixed. Personally, I think they were very bullish, but not so much so for next quarter, which is most likely where the money will go. So I won't be surprised at all if there is weakness in the stock, and it goes back to the teens. Since I haven't finished building my position in this company, I would personally welcome that, in fact the lower the better. I expect to be buying a lot of SNDK sometime between August and October of next year.
Combining MMC with digital cameras and, as time goes by, all of the other myriad applications for flash, and, dare I whisper it, a win in the Lexar case, will make this company a big winner eventually. But the real takeoff for SNDK (that is, a stock price higher than, say, 50) probably won't happen until sometime between autumn 99 and spring 00. That is when MMC will be taking off, and the market for digital cameras will be more mature, with revenues even greater. My opinion only. |
