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

To: slacker711 who wrote (27285)	1/26/2005 8:31:24 AM
From: limtex	Respond to of 60323

slacks - has there been a change on rating or any other comments issued by BS within the last few days. I thought there was one at the beginning of Jan but has there been anything since? Its suffering again this morning. Best, L

To: slacker711 who wrote (27285)	1/26/2005 8:43:53 AM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 60323

A good call? The BS analyst this time is revising gross margins downward from about 28 percent to 21 percent, with appropriate reductions in overall earnings. That is such a large downward revision that the company itself would have been obliged to lower its guidance. The company did not revise, which tells me that, under the full disclosure provisions of SEC rules, the company found no need to revise. The last time, even though the margins dropped, the overall statistics were very positive. I am skeptical of large investment firms issuing statements just before earnings are released, as that kind of behavior tends to be self serving. Art