Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (18474)	1/24/2001 6:19:44 PM
From: Dave Gore	Read Replies (5) \| Respond to of 60323

EVERYONE, need your help to decipher the SNDK release. Have a look and tell me if you can figure it out. I am seeing that they missed the revenue estimate by a whopping 12% but beat the EPS number by 4 cents. If this is true, their margins had to be incredible. Am I missing something? The ONLY thing I can think of is that their margins were much higher due to increased Retail sales and reduced OEM sales. Comments? *** From the PR: SUNNYVALE, Calif., Jan 24 (Reuters) - SanDisk Corp. <SNDK.O>, which makes flash memory chips used in digital cameras and handheld devices, reported a sharp slowdown in fourth quarter sales on Wednesday, a slump it said could continue through the first half of this year. SanDisk reported revenues in the quarter ending Dec. 31 of $177.7 million, below internal projections and 12 percent below the average Wall Street forecast, according to First Call/Thomson Financial. "Market conditions softened significantly in the fourth quarter due to slowing economic conditions. Product demand slowed, resulting in reduced backlog and low near-term order visibility," Eli Harari, SanDisk's president and chief executive, said in a statement. The company said manufacturers that market its flash memory chips under their own brands were running down their inventory levels in a slowing economy and added that sales could be affected for the first two quarters this year. SanDisk reported net income for the quarter of $29.5 million, or 41 cents per diluted share. The average forecast had been for operating earnings of 37 cents per share, according to First Call/Thomson Financial. SanDisk shares fell to $36 in after hours trade on Instinet, down from $46-3/16 at the close of trade on Nasdaq. ((Los Angeles bureau, 213 380 2014))

To: Zeev Hed who wrote (18474)	1/24/2001 8:09:16 PM
From: limtex	Read Replies (1) \| Respond to of 60323

Zeev - Col Hacavod. You called it right. My guess is you will get your price quicker than three months, in fact I reckon you will get it at 9.30.01 tomorrow morning. If it opens above $20 it will be a miracle. Reading the posts here today they seem to reflect the same shell shock that I feel. Thats the word...shell shock, numbed. After all the daily good news about Amazon sales, D-camera sales, new PDA's, iPAQa, Handsprings etc topped off by Elis recent comments ( Eli the great conservative one). The result announced is that the revenues collapsed in the December Qtr. Heaven knows what the analysts are going to make of this with virtually no visibility going forward and major comments about contiuing slow downs in revenues for two qtrs. Goodness. The marklet didn't like SNDK before this little lot. Best regards, L