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

To: Cardin Drake who wrote (13287)	7/24/2000 10:36:46 AM
From: JohnD	Read Replies (1) \| Respond to of 60323

SanDisk Promotes Nelson Chan to Senior Vice President of Worldwide Sales and Marketing July 24, 2000 10:02 AM Eastern Time SUNNYVALE, Calif.--(BUSINESS WIRE)--July 24, 2000--SanDisk Corporation SNDK , the world's largest supplier of flash memory cards, today promoted Nelson Chan to senior vice president of worldwide sales and marketing. Chan, who was formerly SanDisk's senior vice president of worldwide marketing, will report to Eli Harari, SanDisk CEO and president. Harari said, "It's a real pleasure to announce the promotion of Nelson Chan to senior vice president of worldwide sales and marketing. Nelson has been a key contributor to SanDisk's success, evidenced by our consistent record of growing sales, record customer orders and backlog and clear market leadership positions in the OEM, retail and industrial distribution channels we serve. Nelson has also played a pivotal role in establishing SanDisk's CompactFlash(TM), MultiMediaCards and most recently the Secure Digital Card as industry standard card formats. I look forward to working closely with Nelson as we continue to drive for rapid growth globally by applying our exciting technology to the consumer, wireless and Internet market opportunities that are just beginning to take off." When Chan joined SanDisk, annual revenues were $22 million. In 1999, company revenues were $247 million, an 82 percent increase over the $135.8 million recorded in 1998. During his tenure at SanDisk, the company has become, according to independent market research surveys, the worldwide market share leader in the flash memory card industry. SanDisk also significantly expanded its OEM accounts and became a major force in the retail market by selling its branded products in more than 20,000 retail outlets worldwide. Chan has more than 17 years of high-technology marketing and engineering experience. He was one of the principal organizers of the CompactFlash Association and the MultiMediaCard Association. Together, the two associations have more than 200 members. Chan is an officer of the CompactFlash Association and a board member of the MultiMediaCard Association. Before joining SanDisk, Chan was marketing manager for the Integrated Systems Products Division at Chips and Technologies and also held marketing and engineering positions at Signetics and Delco Electronics. SanDisk Corporation, the world's largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA. The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release. CompactFlash is a trademark of SanDisk Corporation SanDisk's web site/home page address: sandisk.com Note to Editors: Photo available. CONTACT: SanDisk Corp. Bob Goligoski, 408/542-0463 bgoligoski@sandisk.com

To: Cardin Drake who wrote (13287)	7/24/2000 6:29:14 PM
From: Ausdauer	Read Replies (3) \| Respond to of 60323

Cardin, Your are building a strong and credible reputation here with your earnings predictions. Clearly if we are only able to replicate Q2 during Q3 and Q4 we end up with $1.20 for the year. This would be an ultra-conservative estimate. 21¢ + 33¢ + 33¢ + 33¢ = $1.20 If we have EPS growth of 20% for Q3 and Q4 sequentially things look a bit brighter. I have revised my estimates from $1.12 to $1.42 for 2000. 21¢ + 33¢ + 40¢ + 48¢ = $1.42 Thus, we are trading at a PE of under 50 based on these 2000 estimates. This calculation does not take into account cash on hand (net of debt) which I generally deduct from the market cap before making my calculations. Since this is not a generally accepted practice it would not be fair to use it in my estimate of the current PE. One hidden source of revenue would be new CompactFlash assembly licensees. I think we should start to see revenues from this source before the end of the year. Also, there may be lump payments for prior CF sales if SanDisk can enforce the patents retroactively. I am not sure if this is a reasonable assumption. I think we are trading at a very attractive price given the growth trajectory and "the story". It is hard to find a better story out there, IMHO. Aus