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

To: Binx Bolling who wrote (9854)	3/27/2000 5:13:00 PM
From: Binx Bolling	Read Replies (1) \| Respond to of 60323

"GROSS PROFITS. In fiscal 1999, gross profits increased to $94.8 million, or 38.4% of total revenues from $55.5 million, or 40.8% of total revenues in 1998 and $53.0 million, or 42.3% of total revenues in 1997. In 1999, product gross margins increased to 26.1% of product revenues from 22.2% in 1998 primarily due to the lower cost per megabyte of our 256 megabit and 128 megabit flash memory products, which began shipping in volume in the second half of 1999. We expect product gross margins to improve from the 1999 level in the first quarter of 2000 as we transition to our 256 megabit technology for the majority of our product sales."