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

To: Ausdauer who wrote (24704)	1/23/2004 1:22:22 AM
From: limtex	Respond to of 60323

Aus - who would have thought at 4.0pm on Wednesday that the most spectacular earnings announcement this season would have brought an immediate dump of over $10. But thinking about it they have just had a massive increase in revenues to over $1bn. This year even conservative Eli is forecasting a revenue increase of over 50% to betweeen $1.5bn and $1.75bn. So we have price targets anywhere from $65 to $100. But what about 05 and 06 etc just how big can the market for Flash get. OK very big over $7bn, over $10bn? That is a lot of flash and if SNDK has revs of $1.6bn this year then 05 over $2bn - $2.5bn? that would be a slowdown in growth. And what if the stock reaches some of the target prices this year where can it go from there? Even if up, how much up? We might have the faith but will the funds keep the faith at lofty levels? Thats what I think is happenng now coupled with a return to a full blown bear market as the recent run of stock buying seems to have dried up and may not return til after the election. The interim earnings periods will my guess be greeted the same great reaction that we have just seen. /and it wasn't just SNDK it was also QCOM which doesn't have a margin problem OK it didn't drop $10 but nevertheless. Just my guessing after a really dissapointing reaction across the board and with the futures down again it reminds me very much if three and a half years of bear but this time with a growing economy!!!! Same meat different gravy. Best, L