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

To: D.B. Cooper who wrote (27935)	4/20/2005 3:58:00 PM
From: broozer	Respond to of 60323

I just listened to the FLSH CC. Many of the same analysts cover both SNDK and FLSH. Many of the questions by the analysts were designed to gauge the overall demand/supply environment of the NAND market. FLSH indicated supply was very tight in Q1 and expects that to continue throughout 05. FLSH has a fabless business model. Nothing new here. There was some very interesting info, however. Craig Ellis, the analyst from Smith Barney Citi, who made the prescient sell call before the Q3 earnings miss and just recently reiterated his sell rating on SNDK (w/a $23 price target), basically stated (paraphrasing here)... "...I understand demand weakened as the quarter progressed. How did this effect your Q?" The FLSH CEO responded that, in fact, revenues built throughout the Q and that March was the strongest month in the Q. The FLSH CEO then questioned, rhetorically, how the analyst had formed his opinion with respect to weakening demand throughout the quarter. I just thought this was interesting as I am sure that this line of reasoning figured in the analyst's recent sell reiteration on SNDK. The FLSH CEO also said that the strong MP3 demand sucked up alot of supply in the market. Best, Broozer