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

To: Michael A. Gottesman who wrote (10549)	4/20/2000 5:57:00 PM
From: Binx Bolling	Respond to of 60323

Michael, I used a service tveyes.com and used the keyword, Sandisk. I edited together multiple emails referencing the CNBC interview. I changed one word to "knows" from "knowes", if I recall correctly. If my edit was inaccurate, it was not intentional...please add any additional relevant details left out.

To: Michael A. Gottesman who wrote (10549)	4/21/2000 3:27:00 PM
From: Binx Bolling	Read Replies (1) \| Respond to of 60323

Michael, I hope this one is more to your liking: Interview with SanDisk (SNDK) President and CEO Eli Harari April 21, 2000 -------------------------------------------------------------------------------- SanDisk (SNDK) President and CEO Eli Harari on earnings and future outlook - 04/20/00 ** NOTE: CNBC/Dow Jones Business Video subscribers can click here for an enriched multimedia version of this transcript cnbcdowjones.com Non-subscribers to CNBC/Dow Jones Business Video can click here for subscription information: cnbcdowjones.com To obtain a NewsEdge Corporation discount, fill out the Personal Account subscription form: cnbcdowjones.com CNBC- SQUAWK BOX<BR> SANDISK (SNDK) PRESIDENT AND CEO ELI HARARI ON EARNINGS AND FUTURE OUTLOOK<BR> APRIL 20, 2000<BR> SUMMARY: Harari is confident on the near-term and long-term continued strength of the company. He believes in open standards and open competition in the industry. He explains the company's customer base. Tyler: Sandisk beats the street. Net income more than tripled to $15 million, or 21 cents a share. Three cents ahead of estimates. Revenues soared about 150% to $109 million. The company is a leading maker of flash memory storage devices, integrated circuits that retain data when power is off. Some memory chips lose stored data as soon as power is interrupted. In the past 52 weeks, the stock has gone from $9 to $169, and is now at about $105 a share Let's get some more details on Sandisk's latest profit report. Joining us now from Mountain View, California is Eli Harari President and CEO of Sandisk. Welcome, nice to have you with us. Good morning, Tyler. Tyler: Business is extraordinary good with a tripling in net income. Can you keep it up? We intend to. Our entire focus in increasing production and meeting the very strong and surging demand for our products. We are very confident about the near term as well as long-term prospects for the company. Tyler: To whom do you sell most of your product? Well, Sandisk really has pioneered what we call disruptive technology, displaced existing mechanical rotating or chemical devices, for example, everybody knows today about digital cameras, flash, which the company pioneered is now the standard digital film for digital cameras. The majority of Cannon, HP's cameras, use the flash supplied by sandisk. So, this one example. We now have the music players, MP3 players and again, disruptive technology that replaces tape and again, in the multimedia card that Sandisk is selling today, the majority of music player companies. Susan Byrne Westwood: This is Susan Byrne Westwood. Just wondering, we can all know from the products that you are going into we would all recognize those products as new products and we are all using them and very exciting. Do you see competition coming down the pike from some of, from some other folks, some of the larger players or do you feel your position and product is well-protected through patent or the manufacturing process? Sandisk has very pioneered technology, over 100 patents confirmed in court. We have licensed technology to leading manufacturers such as Intel. We believe the markets are going to be very, very large markets and we believe that it is very important to have open standard and open competition. We feel we have the best team in the industry for flash development, for control technology. We are very, very good manufacturing partners in Taiwan. We have recently announced a very important strategic long-term cooperation agreement with Toshiba. Toshiba and Sandisk together with have a very strong showing and though to the market as the market takes off. Susan Byrne Westwood: Quickly on another subject, Seagate owns as large part of your condition and they are involved in a corporate develop. What happens to their ownership and does that go into the private deal? Tyler: Quick answer please. Seagate Technology has already sold most of the shares in the company and now formally out of 70 million shares. So, the represent ownership in the company is small. Tyler: Congratulations again in the blockbuster quarter in your company, Sandisk. President and CEO of Sandisk.