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


To: Art Bechhoefer who wrote (11463)5/24/2000 6:43:00 PM
From: Greg h2o  Read Replies (2) | Respond to of 60323
 
art, <<If we accept a price-earnings ratio of 150 on '01 earnings, we are assuming that earnings should triple roughly between now and then. Well, they're doing that!>>

using what estimates? looking from '00 to '01 (using estimates from Robertson Stephens) i'm showing earnings moving from $0.89 to $1.10.... am i missing something?

<<Looking at other technology companies and comparing these statistics with other company earnings and sales, I think SanDisk comes out looking like a real bargain, even at the prices it reached in March and April. >>

i hope you realize, playing that "relative" game is what caused the speculative bubble in many tech stocks to begin with....