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

To: Road Walker who wrote (12597)	7/6/2000 12:15:23 PM
From: Ausdauer	Read Replies (2) \| Respond to of 60323

John, "shooting the messenger" ____________________________________________________________________________ I responded to Greg's original sound bite with a cautionary tone to SNDK investors about possible repercussions, but also discounted the wholesale write-off of the tech sector. I did not dismiss or dispel anything in my original response to him, rather tried to offer a balanced view (in as balanced a manner as I am capable). Let each investor weigh the significance of the SSB report. I am generally against posting a sensational headline without providing an interpretation of how the news effects SanDisk. Maybe I am off base here, but I don't think that most of the SNDK longs on this board are easily swayed by a single report coming at a time when we have already been crushed by the market. The SSB report (based on the relevant, excerpted sections posted here by Greg and others) has not furthered my understanding of SanDisk, nor weakened my belief in the company. To be honest, I had exactly the same reaction when he posted information several weeks ago implying that SanDisk would be encumbered by an agreement to co-market their flash memory devices; this at a time when Seagate was exiting their investment. I also interpreted that as another sensational headline. You may look back a few hundred posts if you would like to re-read that information. Bennett Notman and Mark Edelstone, long-term SanDisk shareholders have also spoken in a manner that appears to counterbalance the arguments of yesterday. They are staking their reputations on a $200 target price. FWIW, SanDisk's closing price yesterday gave us an approximate PE of 48 based on my forward earnings projection of $1.12/share for 2000 (without consideration of cash net of debt). Ausdauer