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

To: add who wrote (16667)	11/15/2000 11:24:14 PM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

add, re: "Can you say earnings blow out!" $6M = $.09/share. In the past 30 days, the analyst earnings consensus has improved by $.10/share. If you figure $700K for their estimate of legal fees for the quarter, they hit the nail squarely on the head. Wierd as it may seem, the settlement has already been figured in. When SNDK was at $150+, we were relying on the LEXR suit to keep the momentum going. Well ... we got our settlement and now we're down below <$60. And, in relative terms, SNDK is still overpriced. We are sitting with a forward-looking P/E (12/00) of ~46 while SSTI (who, like SNDK, does nothing but flash) has a 12/00 P/E of <17. The semi industry as a whole (including some rather volatile companies) has an average P/E of <37. IMHO, SNDK shareholders have little cause for celebration. On the other hand, most of the folks at LEXR will probably call in sick tomorrow due to too much champagne in celebration of their dramatically improved future prospects. Craig