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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (40100)	9/8/2008 2:25:00 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (2) \| Respond to of 95622

S&P RAISES RECOMMENDATIUON ON SHARES OF SANDISK CORP TO HOLD FROM SELL (SNDK; 17.06): SNDK shares are sharply higher this morning following an unconfirmed Wall Street Journal report that Samsung is considering various tie-up options, including acquisition or alliance, with SNDK. We believe a tie-up could strengthen the positions of both in the NAND flash industry. However, we see antitrust concerns as a potential issue, since a combined company would have over 50% of the NAND market. We are raising our target price by $11 to $24 based on an enterprise value-to-sales ratio of 1.0, in line with similar M&A transactions, on our 2009 revenue projection. -R. Khalid, CFA redorbit.com