Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave who wrote (25593)	4/15/2004 12:39:59 PM
From: pompsander	Read Replies (1) \| Respond to of 60323

Morgan Stanley raised earnings estimates for SanDisk (nasdaq: SNDK - news - people ), saying that despite expectations for lower product gross margins, rising royalties revenue will boost earnings. Morgan Stanley raised earnings estimates for 2004 and 2005 to $1.30 per share and $1.45, respectively, from $1.25 and $1.35. The research firm said that in SanDisk's latest first quarter, product revenue rose 118% to $339 million from the year-ago period. First-quarter royalty revenue rose to $48 million, topping Morgan Stanley's expectation of $35 million; due to the strong royalty revenue, the flash memory and controller maker's earnings of 34 cents per share topped the research firm's estimate for 31 cents. Morgan Stanley rates SanDisk at "equal weight" and said the company's fundamentals "should remain robust."