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

To: r.edwards who wrote (10073)	4/3/2000 11:20:00 PM
From: Jill	Respond to of 60323

Monday April 3, 8:56 am Eastern Time Company Press Release U.S. Federal District Court Rules That Lexar Infringes on Key SanDisk Flash Memory Patent SUNNYVALE, Calif.--(BUSINESS WIRE)--April 2, 2000--SanDisk Corp. (Nasdaq:SNDK - news) announced today that the U.S. Federal District Court has ruled that Lexar Media, Inc., Fremont, Calif., has infringed a fundamental solid state flash memory card patent held by SanDisk. The ruling was announced today by U.S. Federal District Judge Charles R. Breyer of the Northern District of California in San Francisco. The patent, ``Flash EEPROM System' (U.S. patent no. 5,602,987), was issued Feb. 11, 1997. The judge also denied two motions by Lexar -- one claiming SanDisk's '987 patent is invalid and requesting a partial summary judgment of non-infringement. Eli Harari, SanDisk CEO and president, said, ``Judge Breyer's ruling vindicates our stand with regard to Lexar's infringement of SanDisk's '987 patent. We had on several occasions offered a patent cross-licensing agreement to Lexar under reasonable terms, but Lexar rejected our proposals. Our strategy has been, and remains, to license our patents to enable an open, competitive market for flash cards. We believe that this ruling strongly reaffirms SanDisk's pioneering innovations in flash memory storage and are optimistic that it will pave the way for other flash memory card suppliers that are not currently licensed by SanDisk to negotiate cross-licenses with SanDisk.' SanDisk's patent no. 5,602,987 teaches and claims important aspects of the emulation of a magnetic disk drive in removable flash memory cards, such as PC CARD, CompactFlash(TM), MultiMediaCard and the Secure Digital (SD(TM)) Memory Card. The removable flash memory card claimed in the patent appears to the computer, digital camera, digital Internet music player or other digital device to be completely identical to the industry standard magnetic disk drive although the flash memory is solid state, has no moving parts, is extremely compact and rugged and consumes negligible battery power. Therefore it is ideally suited to be the universal digital storage device in the emerging post-PC era. SanDisk, a pioneering technology company in the flash memory market, holds more than 100 related patents.

To: r.edwards who wrote (10073)	4/4/2000 10:15:00 AM
From: SBHX	Read Replies (1) \| Respond to of 60323

r.edwards, I bought small amounts friday and monday. SNDK used to be my biggest holding until around aug99, when I took my 1st sndk profit. I sold and bought a few times after that, and held only 1/3 of my peak holdings of which I sold all on mar10. I now hold fewer stocks in total, but only because I halved my holdings in stocks since early march, and bought back a small portion in last wk of mar. I try to do cost averaging rather than trying to time the purchase. The nasdaq correction recently, has made me rethink that strategy (not every dip is a buying opportunity). The friday drop meant that almost all my buys in the last week of march are losing money. The ones down > 10%, I will have to sell, but you can't fight market sentiment, so the strategies that worked very well for over 2 yrs in a bull market seem to be failing me now. Right now, I hope that investor confidence in the semicons-related techs were not shattered by the recent beatings these companies take. Re : ML projections. Analyst projections have as much chance of being accurate as any of ours, the only thing that matters is if enough people believe it. I have no problem with SNDK being a good long term investment. Enough confidence to get my toe wet at this level, but I always try to be clinical and sell when losses exceed 10%. That has kept me out of serious trouble in the past.