Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (25448)	5/28/2000 12:38:00 PM
From: StockHawk	Respond to of 54805

>>it's astonishing that a very profitable and established niche player like sndk has fallen 71% off its high of 169 5/8 set on 3/9/00. << And to think you could now buy the stock for the price you might have paid for an option a few months ago.

To: Uncle Frank who wrote (25448)	5/30/2000 3:02:00 PM
From: StockHawk	Respond to of 54805

re: SNDK "... it sure looks like a bargain right now." Comment from Yahoo board referencing Merrill Lynch thoughts on why SNDK has dropped so much: messages.yahoo.com May 26 - Merrill Lynch reiterates buy/buy on Sandisk with $135 price target..."Pullback Overdone; Ratings Reiterated" Further excerpts are as follows: We believe that the recent slide in SNDK's stock price due in large part to negative stock market sentiment has been exacerbated by selling of SNDK stock by Seagate, which recently went private. we believe that Seagate now has divested itself of over 85% of its total holdings in SNDK and currently holds approximately 2-3 million shares. In our opinion, the remaining overhang of Seagate-owned shares creates minimal downside risk for SNDK moving forward. We also believe that any investor concerns regarding an inability of SNDK to meet the burgeoning demand for its products are unfounded given the steps the company has taken to increase capacity. Visibility for the company appears to remain at an all-time high, with the company nearly fully booked for 3Q00 and bookings appearing to extend well into 4Q00. We believe this pullback in SNDK's stock is overdone and represents a solid buying opportunity for investors. We reiterate our Buy/Buy ratings.