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To: TREND1 who wrote (16225)	10/29/2000 12:02:59 PM
From: orkrious	Respond to of 60323

Larry, you keep harping on the drop in estimated earnings Q over Q. The estimates are worthless. The Q2 actual was .33 while the estimate for Q3 was .28. An estimated sequential decrease. What happened? The Q3 actual came in at .35, a sequential increase. Now we are back to the same old analyst forecasts and a sequential decrease in earnings. How did this happen? Eli guided a 15-20% sequential increase in sales, a 50 basis point increase in margins, and an increase in royalties. Note that you had to read between the lines on royalties. He guided them slightly lower, but clearly pointed out that he guided last quarter's royalties lower and they came in higher than forecast. The analysts aren't doing their job. If you listen to the guidance SNDK is forecasting increasing earnings. How many times do we have to spell it out? Eli wants to underpromise and overdeliver, and the analysts suck. If you relied on the analysts for your investing decisions, you'd sell at the lows and buy at the highs. Why do you yell fire in a crowded theatre when you are looking at the analysts' estimates? Jay