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

To: Howard R. Hansen who wrote (26342)	7/10/2004 8:28:49 AM
From: John Carragher	Respond to of 60323

The Week Ahead: July 12-16, 2004 Forbes.com staff, 07.10.04, 6:00 AM ET NEW YORK - A look ahead to the week's doers and doings in business, entertainment and technology: Background on Harari When SanDisk (nasdaq: SNDK - news - people ) Chairman and Chief Executive Eli Harari accepted Ernst & Young's Entrepreneur of the Year Lifetime Achievement Award on June 23, he recalled being part of a company that transformed itself from a Silicon Valley startup to the world's largest supplier of flash memory products used in digital cameras and other consumer electronics. But it hasn't been all smooth sailing in recent months. The company's decision to cut high-capacity flash memory cards in April by about 40% has hurt the stock of both SanDisk and rival Lexar Media (nasdaq: LEXR - news - people ). On July 7, SanDisk shares hit a 52-week low of $19.28. Still, analysts surveyed by Thomson First Call expect second-quarter sales to skyrocket by 75%, to $411 million, from $235 million in the year-ago period, when the company reports earnings July 14. Wall Street anticipates second-quarter profit to rise 16%, to 30 cents per share, up from 26 cents per share a year earlier. --Alicia Ferrari