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


To: JesseK who wrote (13897)8/14/2000 5:23:46 PM
From: Ausdauer  Read Replies (1) | Respond to of 60323
 
Jesse,

It will be interesting to see what Lexar can do with $60 million or so in cash. After the IPO there will be about 55 million shares of common outstanding if I recall correctly.

I guess I don't see Lexar's performance as stellar so far:

For the six months ended June 30, Lexar reported a net loss of $19.1 million on revenues of $40.8 million compared with a net loss of $7 million on revenues of $9.2 million for the same period in 1999.

Revenues quadrupled while net loss nearly tripled.

The also opened at $10 million dollar line of credit with certain clauses dependent on how the patent infringement case procedes...

Message 14202524

Whatever happens I hope that SanDisk gets paid.

Ausdauer
SanDisk...Show me the money!



To: JesseK who wrote (13897)8/15/2000 4:04:25 PM
From: alburk  Respond to of 60323
 
This translates into a moderate opening for Lexar,
but keep an eye on the stock because the company looks like it will soon become
a winner.


What is this supposed to mean?

Andy



To: JesseK who wrote (13897)8/15/2000 4:08:17 PM
From: alburk  Respond to of 60323
 
However, SanDisk, Lexar's chief competitor, recently traded at 59 13/16, off a 52-week high of 169 5/8. This translates into a moderate opening for Lexar, but keep an eye on the stock because the company looks like it will soon become
a winner.


What is this supposed to mean?

Andy