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


To: Binx Bolling who wrote (9551)3/9/2000 11:47:00 PM
From: Binx Bolling  Read Replies (1) | Respond to of 60323
 
Sony disputes PlayStation 2 Memory Card recall

theregister.co.uk

Sony denies PlayStation memory card recall

news.cnet.com



To: Binx Bolling who wrote (9551)3/27/2000 6:37:00 PM
From: Ausdauer  Read Replies (2) | Respond to of 60323
 
Not one of those "Dear Thread" posts again...

I was away for 8 days on family vacation and was very enthused to see so many posts here with so much new content about SanDisk. The entire complexion of the market has changed in the last 7 days for several reasons...

***Stephen King publishes an on-line short story and gets 400,000 requests for downloads on the first day. Servers are swamped and King is shocked!!! Time magazine does a cover story with the Stephen King experience as a centerpiece. Now Gemstar and Thomson (yes, the RCA Lyra guys) go in together on a next generation eBook.

***Shawn Fanning is all over investment and lay press periodicals speaking of Napster. Universities block access to the website only to recant by rewriting the software to allow access first to files stored on high-speed Internet connections, thereby alleviating net congestion.

***The first SD MemoryCard product is announced, even though it is given some silly code name.

***SanDisk asks shareholders to approve an increase in the number of shares to allow for future splits and acquisitions. My take on this is that Eli and Company underestimated the stock's street value at the time of the last proxy vote and did not accomodate such a substantial price appreciation when he announced the first split when the stock sat at $97 pre-split. The current request can mean several things, IMHO. First, Eli would like to spare the expense of a separate mailing and vote by utilizing the upcoming Shareholders' meeting for the balloting. Second, Eli is expecting a great quarter and this increase in shares is a way of telegraphing in a subtle manner that further appreciation in the stock price is likely to occur after the next earnings release. Third, there may be some company they are after as a acquisition. This seems less likely given the fact that Eli stated during the last c.c. that they did not wish to stray away from core competencies. Also, they have enough value left in outstanding issuable shares (at the current stock price) to buy a smaller competitor or IP house anyway.

All, IMHO.

Ausdauer