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

To: amoezzi who wrote (24831)	2/3/2004 10:33:31 AM
From: Road Walker	Respond to of 60323

09:05 ET SNDK trades 1 pt lower in pre-market 53.29: Weighing on SanDisk (SNDK) is a Reuters report that South Korea's Hynix Semiconductor plans to start mass producing flash memory chips from this month to ride explosive demand for the memory chips used in gadgets ranging from cell phones to digital cameras. The announcement came after Hynix, the world's third largest memory chip maker, agreed with STMicroelectronics early last year to jointly develop and supply flash memory chips. "We've completed development of NAND-type flash memory and would mass produce them starting this month," Hynix said in a statement. There is also some chatter about disappointing digital camera shipment guidance by two Japanese camera makers, but this would appear to be less of a factor... Also seeing weakness in LEXR in pre-market; watch for possible decline in FLSH as well if market decides to run with Hynix news, although it has been expected

To: amoezzi who wrote (24831)	2/3/2004 10:41:32 AM
From: Another John	Read Replies (1) \| Respond to of 60323

Horse feathers!

To: amoezzi who wrote (24831)	2/4/2004 3:01:04 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 60323

amoezzi--The reason why I give a low priority to technical analysis is that it is too limited to make it worthwhile for me to spend time using it. Here's what I mean. TA is basically trend analysis. There is little theory here and mostly rules of thumb based on historic patterns. The accuracy of trend projections is notoriously low once you get a few days or weeks into the future. TA is useful in determining whether a proposed selling or buying level is reasonable, or whether a more suitable price might be found in the near future. Since I look at long term prospects, and spend a great deal of time monitoring those prospects for some 40 issues, I don't have the time needed to fine tune a decision based on fundamentals. Concerning SanDisk, the fundamentals remain sound on all three factors I previously mentioned. The reason for the weakness in the shares appears NOT to be related to fears about the impact of additional capacity being created by other companies but by negative comments from Templeton, a well known and respected investment guru, who recently expressed beliefs that many of the stocks in the NASDAQ 100 (including SNDK) were too high. He lumped SNDK with AMZN because both had soared during the last year, but failed to distinguish between the effects of low debt or high debt on investment risk and potential return. Templeton is 91 and semi retired, and spends most of his time making contributions to charitable organizations--not analyzing stocks. Art