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

To: orkrious who wrote (20624)	7/26/2001 12:35:45 PM
From: Andre Williamson	Respond to of 60323

Jay - I can see where lightening up may make sense, given recent events. However, I'd disagree on looking at royalties negatively. And as much as I'd like more noise from that area, I can understand why SNDK holds its cards tight. Why do I disagree? Because I don't think the royalty situation looks so bleak - they are still coming in, it seems. Wasn't guidance for much lower Q2 royalties? But they still came in in the ballpark of $20 million despite the drop in revenues. Nothing to sneeze at in this kind of environment, especially when you consider that this is cash coming from the competition into SNDK's coffers. Andre

To: orkrious who wrote (20624)	7/27/2001 9:15:34 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Jay, notwithstanding your rational thinking here, it's also true that when things look least promising, it may be the best time to buy or hold. My feeling is that, in a worldwide economic slump, it's best to invest in companies that are reasonably well managed and have little or no debt. They are the survivors. If flash memory were about to be replaced with some more modern, lower cost technology, I'd be as concerned as a manufacturer of buggy whips in an area where the automobile was taking over (here, by the way, we still have an active horse and buggy industry among the growing Mennonite population). Investors should not make the mistake of thinking that ALL companies do poorly in a slump. The rule is that ALL companies with heavy debt do poorly, and even may go broke. Companies with little or no debt survive. The two best candidates in this category are QUALCOMM and SANDISK. Art

To: orkrious who wrote (20624)	7/28/2001 12:46:34 PM
From: Paul Senior	Read Replies (1) \| Respond to of 60323

I gave up yesterday, and sold my remaining shares. I had unbooked this thread for about a month to try to make it easier for me to come to grips as to why I still owned this stock. The facts or assumptions that SNDK is the leader in flash memory and that the future for SNDK products is very favorable are (to me) offset by the financial numbers that SNDK reports. Revenue below forecasts. Losses this past quarter and expected in the upcoming quarter. Also, affecting me is that I'm disconcerted by the negative view thread posters here have of Dr. Harari's confusing/conflicting statements, or his not providing information that people here believe should be forthcoming. (Regardless whether the posters are right or wrong, I sense that if people believe there's a communication issue - there is a communication issue.) I've also still been considering some of Zeev Head's older posts here related to his trading of SNDK based on what I believe were his short term predictions of SNDK's stock movement. Something about he would be a buyer once again at 17-18? range. (I'm focused on that under 20 aspect- I'm not saying that I've got right what Mr. Head did/did not say or did/did not do or that that's his or anybody's current thinking-- I mean only that his posts got me to consider how SNDK might be trading in future.) In that sense, I ask myself if I would be a buyer of SNDK here. And the answer is no. No, because SNDK is not an undervalued stock (imo); it appears to me now as just a tech stock like so many others. Sure SNDK has its niche and uniqueness. So do many other tech stocks. And some of those other companies are down in price relative to their financials much more than SNDK is down compared to its financials. So, imo, SNDK could very well trade down to well below 18 as it reports its next quarterly loss. In my opinion, I'd rather chance that I can pick up SNDK if I want at that price or better, and furthermore, that it's a poor bet for me to be holding SNDK at 24 as we go through summer. I suspect that what attracted some of the old guys (yrs. 1998-99?) here to SNDK was that although SNDK potential wasn't so proven back then, the company could be bought for equal to or less than the cash on its books. (A rare occurrence then, imo) For me, I believe that there are other companies out there that now sell close to those good prices. And while they perhaps neither have the potential growth nor the stock explosiveness that SNDK had, they are better investments - for me - at this point - than is SNDK. I believe I was very wrong not to sell more SNDK over 100. And perhaps I'm wrong now as well to be selling SNDK. I shall see. all jmo and fwiw. Paul Senior, who has been wrong many, many times