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

To: Knight who wrote (16897)	11/30/2000 11:53:47 AM
From: limtex	Respond to of 60323

Knight - Sandisk is a chip stock. Now we here all know that it is a different type of chip stock indeed it is the type whose revenues and margins ae growing rapidly BUT the market isn't interested in fundamentals anymore. The market is now a blunt instrument and a blind one at that. It hears chip and sells. Thats the equation chip=sell. It won't even make any difference whatsoever when SNDK announces yet another set of fantastic earnings in January, irrelevant chip=sell. So great is the disinterest in anything remotely chip that take SSTI for instance whose managment say they are sold out next year for the first 2 qtrs and are happy with estimates EPS 01 of $2.6 and the stock is at $12 ie just under 4 on next year. So SNDK could conceivably head the same way. Rule 1: Chip=sell. Thats the new rule. And rule 2 is:- Rule 2: If it beats estimates and comes in with fantastic earnings....then slowly sell it off till a mimimum of 30% below what it was the day before the announcement. If it fails to reach eastimate or warns then cut the stock price by an immediate 50%. Simple rules one corollary of which if translated into market action is get out while you have anything left. THe only benefit of being around this market now is that this is a historic slump and one that we will tell our grandchildren about. This crash has beaten all the superlatives. Best regards, L

To: Knight who wrote (16897)	11/30/2000 11:54:47 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 60323

Ausdauer, would be interested in your response on this? Ditto...I'm basically all cash and looking for a couple of cheapies to buy into...it seems every toy I have these days requires Flash so this seemed an obvious place to start. Question to the thread: who is manufacturing the "cheap" Flash products? I recently bought a 64MB Smartmedia card from Chip Merchant and the thing came packaged like a case of generic beer. Haven't been able to figure out who made it.

To: Knight who wrote (16897)	11/30/2000 2:22:03 PM
From: Dan Hamilton	Respond to of 60323

Just going from what Multex shows as consensus earnings, Sandisk would have a current PE of 29, based on $1.27 for this FY. Earnings for FY2001 are shown as $1.53 so that would be 20% earnings growth. Forward PE would be 24. So the PEG for 2001 would be 1.2. In addition to all the general market carnage, perhaps the relatively staid earnings growth predicted for the coming year in SNDK is giving investors concern. Add to that the worry of earnings revisions (for many companies, not just SNDK), and perhaps it doesn't yet appear as a screaming bargain. All IMHO.