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

To: Art Bechhoefer who wrote (11966)	6/14/2000 12:49:00 AM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

I have not seen the CNBC Interview... ...but it seems like they did it again. First the lady from Oppenheimer who totally dumped on the stock, then they ambush Eli with a question about inside selling??? There has been a steady stream of selling for as long as I have owned SanDisk except when the stock price is severely depressed. I don't fault Eli for selling. Sanjay Mehrota has also contributed immeasurably to the company. I think with the options they have it is inevitable that inside selling will continue as a source of income for these privileged few. Think of how long some have held stock while the price was down in the basement. The whole CNBC thing seems to have backfired. This again is a result of "The SanDisk Paradox" or one of Craig's trips to his dentist (which he did without giving us fair warning). First they get Eli to say we have too much business and we are losing market share, then they get some analyst to say we are overvalued until we retreat to the mid-$40's, then they bushwhack Eli with a question on inside sellers. I can understand how new investors get scared off with these things. I will echo my previous sentiment on these matters. The market share issue is being addressed by increasing capacity and exiting the fabless model, the Oppenheimer bologna is due to an application of standard valuation measures on a small company that is about to experience explosive growth, and the inside selling is not entirely unexpected and certainly not a new item. The analysts are projecting anemic EPS growth despite guidance given by management which appears contradictory. IN THE END ONLY ONE TWO THINGS MATTER... * top line revenue growth * EPS growth I predict that SanDisk's potential is not reflected accurately by the analysts following the stock and that various parties will continue to influence/manipulate the stock price in these unpredictable times. BTW, SEG made a mint on their original investment. It is too bad that they had to chose such an inopportune time to pull out. For the $30 million they originally invested they have had a gigantic windfall. Let's hope there is enough interest to mop of the trading shares that are out there. The volume over the last 3 weeks has been nothing short of phenomenal. Sooner or later these shares will end up in the hands of investors with longer time horizons and the churning will stop. Aus

To: Art Bechhoefer who wrote (11966)	6/14/2000 1:20:00 AM
From: Steve 667	Read Replies (1) \| Respond to of 60323

Thanks for your informative response. I haven't seen this before and it is real surprise to me. I assume that this requires a few other pieces to the puzzle here. My first assumption is that we are talking about an MP3 file. Is this correct? If so, then there must be a piece of software involved that marks the downloaded MP3 file with the credit card number. Then this downloaded and paid for music file can only be transferred to a device that has this same imbedded credit card number. Somebody hasn't thought this thing through. If this description is accurate, in my humble opinion, it will be a complete flop! Several reasons. I am going to use the first person here, but I think more than many may feel the same way. I am happy to pay artists for music I enjoy. But I have a real problem with restrictions on how I can play and transfer this music to all my music players. I want to be able to transfer this music to my home stereo, my car stereo, my Walkman, my underwater music player, or ghetto blaster without a hassle. But *this scenario* requires that I replace my home stereo CD player, replace my car stereo, replace my Walkman CD player and replace my ghetto blaster with equipment that will play these credit card marked MP3 files. Yeah, fat chance of that happening! But even if I did, what happens if I later change credit card accounts? Do I then just have to scrap all my paid music. No way in hell! Not only that but what happens if this technology does not get universally accepted? Do I have to have 2 of every kind of player? Or God forbid I should have 2 credit cards. Or what if this technology is later disrupted by another technology in 7 or 8 years. I then am supposed to scrap all my paid for music and re-purchase it in another non-credit card-marked format. (The only people who will even be able to afford this are the investors in Sandisk, who are then all multi-millionaires.) But this just ain't going to fly! That's just my opinion. Let's hear from other music lovers on this thread. Would you buy music that you can only play on a player that uses a secure digital media card, as described as described by Art? Vote yes or no. Thumbs up or thumbs down. My vote is thumbs down. Steve 667 Sandisk....Tiny Magic