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

To: thecalculator who wrote (14451)	9/2/2000 11:52:37 PM
From: thecalculator	Respond to of 60323

NOT OT...if you build it... Regarding the following point: Particularly situated fabs, specifically those catering to the Israeli fabless industry, may also be relatively immune to a 'potential' near-term slowdown as well. Interested readers may wish to read the following article: avanticorp.com!/EJ/Business/Articles/Item/0,1074,166,00.html I consider Tower discussion NOT off-topic, considering that the 'p-o-t-e-n-t-i-a-l' value of SNDK's 'p-o-t-e-n-t-i-a-l' 20% ownership may exceed SNDK's current market cap within four-five years.

To: thecalculator who wrote (14451)	9/3/2000 9:00:40 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 60323

the calculator, by the time Fab 2 is standing, the current stock holders will have no more than 40% of TSEM equity, and that is fine, since by then TSEM will get about $350 MM in new capital. So, if you assume that the middle of 2002 we get the next through in the semi cycle and the number of shares reached about 35 MM (my calculations actually show more shares, but I am using Tower's calculations that by then Israel Corp, will have 30% of the equity, SNDK 10% and other "new investors" 20%, I think that 20% is understated, since ALSC will probably have the same 10% as SNDK and we will have Toshiba and possibly other partners adding dilution). Trailing 12 months sales, at best, IMHO, will not reach more than $350 MM by then (that actually could be quite "generous"), and at the through of a semi cycle getting 1 to 1.5 PSR is not uncommon, so I get a through number of between $10 to $15 per share. Of course, you should back the truck then, since from whatever that through number is, you should be able to get a 6 to 10 bagger, because in the next three years (around 2005), sales will more than triple, and the PSR could double or triple. Be wary of these numbers, however, three four years ago when I did the same analysis for CYMI, I came up with a potential bottom at $13, and I was wrong, the actual bottom was around $6, my forecast for WFR was even worse, I had $10 as a bottom and it actually went under $3. I hope that this cycle will not be as severe as the last one, and thus hope that my target of $10 to $15 will not be exceeded. Zeev

To: thecalculator who wrote (14451)	9/3/2000 11:18:37 AM
From: Ausdauer	Respond to of 60323

Lexar Media's dilemma ====> '987 is a core patent that is found in SanDisk's entire flash card product line. SanDisk’s patent #5,602,987 teaches and claims important aspects of the emulation of a magnetic disk drive in removable flash memory cards, such as PC CARD, CompactFlash, MultiMediaCard and the Secure Digital Memory Card. The removable flash memory card claimed in the patent appears to the computer, digital camera, digital Internet music player or other digital device to be completely identical to the industry standard magnetic disk drive although the flash memory is solid state, has no moving parts, is extremely compact and rugged and consumes negligible battery power. Therefore it is ideally suited to be the universal digital storage device in the emerging post-PC era. I am happy that SanDisk has been able to recover after the severe sell-off in May. SanDisk has doubled in the last 12 months. It is up 6 fold since the Gorilla Game thesis in Spring of 1999, and 36 fold since the October 1998 sell-off less than 2 years ago... Message 5962294 The best part is that SanDisk is only selling at 44 times my 2001 EPS estimates of $2.00/share. This estimate could prove to be very conservative. Better yet we have Q3 and the Q4 holiday quarter just ahead of us. Flash Memory..."is ideally suited to be the universal digital storage device in the emerging post-PC era." Good Luck to all SNDK longs. We're still in the first inning here, folks. Aus