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

To: slacker711 who wrote (26740)	10/5/2004 1:57:25 PM
From: Cooters	Respond to of 60323

Proliferating SKUs at Best Buy. CIPA's August Report Points to Stronger-Than- Anticipated DSC Unit Shipments. Two More Positives for SNDK. • Visits to Best Buy reveals a proliferation in the number of SKUs on offer from SanDisk, including reduced size flash cards (including T-Flash) in the camera cellphone sections of the store. The brand is occupying more shelf-space in more segments than previously. No other Flash product brand spans the range of categories and capacities in this important N.American channel. • Our visits to Best Buy also revealed an extensive range of 4 - 5 MPx DSCs on display ahead of the holiday season, and a gradual increase in the storage capacity in the MP3-player category (now topping out at 512MB). SanDisk should benefit directly from the new DSC line-up, and indirectly from the use of higher-capacity flash in embedded applications (SNDK is a relative beneficiary of tight NAND supply). • Separately, based on CIPA data, we note that August digital camera shipments came in at 4.3 million units, beating our 3.9 million estimate by almost 8%, while production, at 4.6 mm units, beat our forecast by 12%. 5MPX represented 37% of total volume marking continued growth at the high-end of the market, which we believe is good for SNDK given its likely cost leadership at 512MB cards and above. • Reitarate Overweight Rating. SNDK is trading at 20.7 times FY04 EPS and 19.1 times FY05 EPS. Despite the recent appreciation, we believe the stock is still undervalued going into the holiday ramp, though seasonality and potential cyclical overcapacity in mid/late CY05 makes us cautious regarding holding SNDK for the long-term. -- JPM on Sandisk 10/4/04

To: slacker711 who wrote (26740)	10/5/2004 11:20:39 PM
From: slacker711	Read Replies (2) \| Respond to of 60323

SanDisk to Announce Third Quarter 2004 Financial Results SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 5, 2004--SanDisk Corporation (Nasdaq:SNDK) plans to announce its third quarter 2004 financial results after the market close on Wednesday, October 13, 2004. A conference call to discuss the company's results is scheduled for Wednesday, October 13, 2004 at 2:00 p.m. Pacific Time. Those wishing to listen to the call should dial 800-811-7286 or 913-981-4902 (International) at approximately 1:50 p.m. Pacific Time. Please RSVP to SanDisk Investor Relations at 408-542-0585 or email to IR@SanDisk.com. A replay of the call will be available through Sunday, October 17, 2004. You may listen to the replay by dialing 888-203-1112 or 719-457-0820 (International) and entering the passcode 861151. The conference call is being webcast by CCBN and can be accessed at SanDisk's website at sandisk.com and at streetevents.com for institutional investors. SanDisk Corporation, the world's largest supplier of flash data storage card products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA. SanDisk's Web Site/home page address: sandisk.com.