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

To: Steve 667 who wrote (24612)	1/21/2004 3:53:42 PM
From: Sam	Read Replies (1) \| Respond to of 60323

2:21PM SanDisk Earnings Preview (SNDK) 70.55 -1.90: SNDK is due to report Q4 results after the close tonight (Reuters consensus $0.78 and $355.44 mln; note that First Call mean is $0.77 and $359; reason for difference is that Reuters has one extra contributor to its consensus). The stock has received multiple upgrades over the past month and analysts have continued to raise estimates going into the report. Hence, it's fair to say that the market is expecting a big number (in fact, given co's recent EPS upside history, a very big number is likely anticipated by the market). Yesterday, JP Morgan raised its Q4 est to $0.79 from $0.70 citing channel checks going into the qtr. At the high-end of the street is Thomas Weisel, which recently raised its Q4 est to $0.88 from $0.71 (and rev est to $378 mln from $352 mln)... Recent history shows SNDK delivering big upside (made $0.60 in Q3 vs $0.45 consensus and $0.52 in Q2 vs $0.31 consensus). In reaction to co's Q3 blowout report, the stock gapped up 4.49 pts before finishing the session up 3.21 pts from the previous day's close. From Briefing. Good luck everyone.