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

To: Ausdauer who wrote (17270)	12/15/2000 11:52:24 PM
From: puborectalis	Read Replies (1) \| Respond to of 60323

Flash in the pan, or Flash of brilliance? "SanDisk Corporation designs, manufactures, and markets flash memory storage products that are used in a wide variety of electronic systems. The Company has designed its flash memory storage solutions to address the storage requirements of emerging applications in the consumer electronics and industrial/communications markets. The Company's products are used in a number of rapidly growing consumer electronics applications, such as digital cameras, personal digital assistants, portable digital music players, digital video recorders and smart phones, as well as in industrial and communications applications, such as communications routers and switches and wireless communications base stations. We are very bullish on SNDK after the tremendous quarter it had. With revenues up 174% and earnings up a whopping 230% it's hard to argue with SNDK's success or ask for anything more. We believe there is still tremendous value to realized in the company future as it goes forward. SNDK is sporting a five year earnings growth rate of 40%, but is trading at a P/E of 19 times trailing. Of course, we believe that stocks of SNDK'S potential should trade at least at its growth rate. This would leave SNDK at half its fair value, and without any premium. Believe it or not, even with the tremendous earnings announcement SNDK is down nearly 6% for the month. Combine this value with no debt whatsoever, tremendous growth, and growth potential, and you have a solid stock to add to your core portfolio. We believe SNDK is grossly undervalued and we conservatively expect its price to rise to at least $102 in the next year."