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To: Art Bechhoefer who wrote (6114)	6/22/1999 9:43:00 AM
From: Ausdauer	Respond to of 60323

Art, re: Nikon Coolpix 700M I forgot to mention the Nikon Coolpix 700 as a good option. It has the same CCD as the Coolpix 950, I believe. There is no optical zoom. It is not as sexy as the 950. Still a solid camera. I am still waiting for more SLR offerings and a more battery-friendly LCD screen option such as the solar backlit screens offered by Agfa and Epson. If storage capacities continue to climb and the SLR offerings are made available the need for immediate post-viewing will be greatly reduced. Ausdauer

To: Art Bechhoefer who wrote (6114)	6/22/1999 4:15:00 PM
From: NHP	Read Replies (1) \| Respond to of 60323

Hi Art, Just some additional thoughts along the lines of a comment you made! >>The ratio of the price per share to sales per share, in my opinion, is a better indicator of where the stock should be.<< IMO the P/E approach also looks pretty good for SNDK. The trailing P/E as of today s nominally 100. If the whisper number of $.18 for the past quarter holds, and is annualized to $.72 (a conservative estimate IMO), then the current share price of $43 would hold up even with a P/E of 60. A P/E of 100 would take the share price up to 72.00. Judging from the number of digital cameras I see in the computer catalogs I receive, I would expect sequential earnings to rise, and be greater than $.18 for some time to come. The tax question I was going to ask concerning appreciated Calls is now academic. I simply will exercise my SNDK July 25's, so there will be no taxable event taking place at that time. I didn't get a copy of the Economist that you recommended,but I'm considering subscribing to the on-line edition. NHP

To: Art Bechhoefer who wrote (6114)	6/23/1999 2:14:00 AM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Art, re: "The ratio of the price per share to sales per share, in my opinion, is a better indicator of where the stock should be. If that ratio is less than about 5, and you compare with other tech stocks, you'll find that SNDK is a real bargain, even in the 40's." AMD's price/sales ratio is 0.9, Intel's is 6.9, and SNDK's is 8.8. Per your analysis, SNDK is greatly overpriced. IMHO, projected long-term earnings growth is a better measure of value. Craig

To: Art Bechhoefer who wrote (6114)	6/23/1999 11:53:00 AM
From: Paul Senior	Read Replies (3) \| Respond to of 60323

Well I guess it's about differences in investing style and capability. If you are correct about SNDK being undervalued, and if your style is to be able to hold through thick-and-thin, then maybe SNDK will be another Berkshire for you. I respect your capability in your investments. I see nothing but good happening to SNDK - the company. The patent protection and being in the right place at the right time (MP3 and digital) and the ability to capture the imagination for use in other products also (e.g. phones). And the stock performance could be another fad stock ala Iomega in '95-'96. That'd be great. The stock has moved up so much though already this year. And we have seen that stocks are greatly influenced by the overall market. So there's a lot that could happen to the stock - turn it back down, even as the company prospers. For me, I'm taking some profits now. I've been wrong many, many times before -- but it just seems to be a prudent thing do for me. But it sure doesn't feel like it. -g-.