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


To: sditto who wrote (13321)7/26/2000 6:53:15 AM
From: orkrious  Read Replies (1) | Respond to of 60323
 
Thread, I am headed to Europe shortly. Obviously, I will be bringing my digital camera. I want to bring my battery recharger, but I know it will only work on the US electric current standard. Does anyone know where on the web I can purchase a current converter, or is this such an inexpensive item I should track one down locally?

TIA

Jay



To: sditto who wrote (13321)7/26/2000 8:46:25 AM
From: Ausdauer  Respond to of 60323
 
Symbol Technologies Reports Record Second-Quarter Net Income of $0.25 Per Share
On Revenue of $341.4 Million HOLTSVILLE, N.Y., July 26, 2000)


Symbol Technologies...today announced record revenue and net income for the second quarter ended June 30, 2000. Revenue for the second quarter ended June 30, 2000, was $341.4 million, 24.6 percent higher than the $274.1 million in the corresponding year-earlier period. Net income for the quarter was $36.2 million, or $0.25 diluted earnings per share.
______________________________________________________________________________

SanDisk earned 33¢/share on less than half of the revenue base.
Symbol now plans to increase revenues by buying a long time competitor with new shares.

I think with the relatively mature company profile of Symbol and the relatively flat annual growth rate (not too shabby, however) that the market is giving more credit for age & stability here while substantially discounting SanDisk's youth and aggressive growth rate.

Anyway, since my original comparison when both SNDK and SBL were trading in the mid-$50 range the share prices have diverged. Symbol closed at $49 and change yesterday vs. SanDisk hovering in the low $70's.

Ausduaer