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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (9539)	3/8/2000 4:35:00 PM
From: Sam	Read Replies (1) \| Respond to of 60323

Up to 162 today on pretty heavy volume for Sandisk (1.7m shares). A lot of money is coming into the stock at these levels (not to be too obvious). Articles like the following help (my bolding): Semiconductor Sales Jump 33 Percent to $14.8 Billion in January San Jose, California, March 8 (Bloomberg) -- Worldwide sales of semiconductors jumped by a third in January to $14.8 billion on increasing demand for chips that power mobile phones, the Semiconductor Industry Association said. January sales rose from $11.1 billion in the year- earlier period, and topped the $14.7 billion in sales in December. Personal computers aren't driving demand for computer chips as they have in the past. Flash memory, which retains information after a cell phone or PC is turned off, and digital signal processors, which convert signals like light into digital computer language, outpaced sales growth of other semiconductors. ``The chip industry is off to a strong start,' said George Scalise, president of the San Jose, California-based association. Sales surged 46 percent in the Asia Pacific market and rose 43 percent in Japan, building on the region's emergence from economic crises that had bogged down buying. Chipmakers like Texas Instruments Inc., Analog Devices Inc., International Business Machines Corp. and Motorola Inc. are competing to make chips for mobile phones and handheld computing devices. In the next few years, more cell phones and handheld devices will be linked to the Internet than PCs, IBM has said. Monthly figures from the association are three-month moving averages. To get January 2000 sales, the group tallies November, December and January and divides by three. Mar/08/2000 10:07 For more stories from Bloomberg News, click here. >>> I know it sounds crazy from the perspective of those of us who have been holding this stock for well over a year, but the way we are acting, and the way the market is valuing high growth companies like Sandisk--and Sandisk is even making some decent money--I think we may be heading for a market cap of $20 billion or even more. We hit a cap of about $10 billion today.