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: Sam who wrote (26314)	7/7/2004 6:58:58 AM
From: Dave	Read Replies (2) \| Respond to of 60323

That is completely incorrect. When I refer to "Book Value", I specifically tell those to analyze "Shareholders' Equity". In fact, I recall specifically mentioning to measure the differences between Paid In Capital (PIC) and Retained Earnings (RE). Regardless of what SNDK does with the cash does not change how book value increased. The primary driver causing book value to increase was the secondary. Moreover, their investment in the JV is marginally profitable since it generated only 647k in the first quarter. I expect as additional competition enters, this JV will become less profitable. I suggest that you pull out some Accounting and Finance textbooks and brush up on those skills.