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

To: pompsander who wrote (27976)	4/22/2005 10:25:23 AM
From: Done, gone.	Read Replies (1) \| Respond to of 60323

Merrill reiterates Buy and 30 buck price target...interesting analysis.. Interesting indeed. They just left out the part where SNDK is increasingly likely to see the low 20s before Merrill's target gets hit... Message 21237635

To: pompsander who wrote (27976)	4/22/2005 2:51:58 PM
From: clix	Read Replies (1) \| Respond to of 60323

From the Merrill report: In addition, the startup costs for Fab 3 will begin to roll into cost of goods sold as early as Q3. I have been wondering about this. I understand that part of the Flashvision costs are balance-sheet items and part are off-BS. But does anyone here have an understanding of what can be expected exactly? Last November, Sandisk said that its share of the Fab 3 cost would be $1.25B through 2006. Later, it showed some numbers that have 2005 outlays at $600m and 2006 outlays as $700m (of which $240m and $350m, respectively, are off-BS). How will these outlays manifest themselves? Will the off-BS portions appear as COGS? At a minumum, it seems that significant cash draw-downs will occur. And, do these fab investments add long-term value to the company? Or are they really a way to disguise a part of the cost of goods?

To: pompsander who wrote (27976)	4/22/2005 3:01:13 PM
From: etchmeister	Read Replies (1) \| Respond to of 60323

SanDisk’s Q1 revenue of $451 million missed our recently revised estimate of $500 million, largely due to supply constraint of high-capacity cards in the first half of the quarter. To: slacker711 who wrote (27825) 4/4/2005 2:56:47 PM From: etchmeister of 27985 It was a light week for shootout announcements. The hot order of the week was Advantest receiving an order for its T2000 SoC test platform from a global communication company. There is plenty of good news out there. Taiwan and the foundries are getting more optimistic. Japan is more positive as well. There are signs the consumer market is pulling out of its doldrums. Toshiba is pulling in equipment orders, as they are short of Flash capacity. They are actually on a roll in Flash, gaining on Samsung. that's what vlsiresearch.com had to say last friday