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

To: Steve 667 who wrote (25562)	4/14/2004 3:44:53 PM
From: Road Walker	Respond to of 60323

15:36 ET SanDisk Earnings Preview (SNDK) 32.42 +0.88: SanDisk (SNDK) is scheduled to report Q1 (Mar) results today after the market closes, with Reuters consensus EPS at $0.32 (high end est $0.34) and revs at $370.66 mln. Susquehanna Financial and RBC capital both expect SNDK to top consensus ests. Susquehanna believes upside for Q1 will be driven by strong demand for NAND flash cards coupled with a benign pricing environment, and says the additional royalty rev from Toshiba for MLC technology should help SNDK to improve its gross margins Q/Q (co guided for 33-35% for Q1). RBC Capital states that although Q2 guidance is likely to be conservative, their checks indicate the historically strong Q2 (co posted 35% and 38% q/q growth previous 2 years) is looking good, with expectations of 15% top-line growth. Earnings Volatility History: In the past 2 qtrs, on Jan 21 the co beat by 16 cents, guided in-line (stock down 16% the following day); on Oct 15 the co beat by 15 cents, guided above consensus (stock -1%).