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

To: Zeev Hed who wrote (18526)	1/25/2001 4:30:45 AM
From: limtex	Read Replies (2) \| Respond to of 60323

ZH - The real but unstated worry about yesterday was ot only the shock that CF is being hit and hit hard but that SNDK is gearing up massive production for CF and as became clear yesterday there is now a glut of CF. Can Eli keep the company profitable until the market for CF returns and is not usurped by some new tech gadget? Can he do this is with all the surplus CF around? There is no doubt in my mind that we were all expecting not just a blow out but the mother of all blow outs as SNDK effectively matures this year with multiple markets expanding away. That vision is now shattered and SNDK has become just another semi-condctor business that despite all its massively growing markets just faces a surplus of its product and even worse a market that won't absorb prodcut by reducing the prices as the market appears to have collapsed. All the news from yesterday was shocking. It was one thing when we, well I certainly thought that the company was doing just fine but that the market was just not interested in it and wouldn't give it any significant value no matter how well it was doing. Well it isn't doing well, in fact it has'limimteds visibility' going forward and we all know what that means. Zeev you identified it first last October. I thought that DSO was expalainable by the sales having been slewed towards the last month at least partially. You were right. I was wrong. I have learned a lesson, yet another and that is that if something looks wrong to some of the more serious analysts on the good SI threads or the serious market analysts then you don't fight it. Just get yourself right out of the way. Poor old SNDK is now a dream of what might have been but in the face of this recession brought on by Mr G in his irrational obsesssion with the NAZ it is becoming clearer by the day that he has brought the entire World economy to thebrink of disaster. SNDK is just another minor casualty. Maybe by the end of the year we might see some recovery but every day that goes by the prospect of resonable grwoth being restored looks further away. If even companies with massively growing markets and massively expanding uses and new uses like SNDK have their revenues collapse in front of their faces in a merefew weeks then we are in for a really nasty time. SNDK is like a canary if even it gets whacked then what hope for companies with less prospects, ie the vast amjority of companies? Best regards, L