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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (26646)	12/21/2000 10:10:44 AM
From: Venkie	Read Replies (2) \| Respond to of 65232

ML= sndk..downgrade to near term accum from buy Guess who has been buying on level 2

To: Boplicity who wrote (26646)	12/21/2000 10:11:32 AM
From: jambo-bwana	Respond to of 65232

I believe that it was downgraded. EDIT: Downgraded by ML "We are downgrading SNDK from intermediate-term BUY to Accumulate. We believe the tight supply environment in CF may be unraveling faster than we previously anticipated, which does not bode well for pricing and margins relative to our previous expectations. We are lowering our 01EPS estimates from $1.60 to $1.55 due to future margins pressures as a result of lowered pricing. Our new price objective is $50, or 32X our new 01EPS estimate of $1.55. We believe investors with a long term time horizon should find attractive entry points for SNDK in the coming months, as we still believe in the long-term growth of data-storage flash. Out long term rating remains at Buy."