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

To: Donald Wennerstrom who wrote (40112)	9/9/2008 12:18:39 PM
From: Donald Wennerstrom	Respond to of 95617

September 9, 2008, 10:15 am SanDisk Drops Again; CEO Says Company Can Go It Alone Posted by Eric Savitz SanDisk (SNDK) shares are down for the second straight session, as the stock gives back more of the large gain notched Friday after Samsung said it might be interested in acquiring the NAND flash memory company. The San Francisco Chronicle this morning ran a story with the headline “SanDisk CEO downplays Samsung takeover talk.” The story said CEO Eli Harari repeated the company’s prior statements that SanDisk talks with many firms, including Samsung, but does not discuss rumors. According to the Chron, “Harari said a glut of flash memory chips has already spooked some new players from entering the market and downplayed the need for his company to be acquired.” Also this morning, Lazard Capital’s Daniel Amir reportedly downgraded the stock to Hold from Buy, citing weakening flash prices and a view that an acquisition of the company is unlikely. While the stock jumped $4.18 on Friday, skepticism on the potential for a deal cropped up almost immediately on Friday; the stock fell $1.04 yesterday after UBS cut estimates; this morning the shares are down 60 cents, or 3.6%, to $16. blogs.barrons.com

To: Donald Wennerstrom who wrote (40112)	9/9/2008 2:48:19 PM
From: The Ox	1 Recommendation Read Replies (2) \| Respond to of 95617

The market in general and the semis in particular are in sell first, ask questions later mode. I think we are seeing all kinds of destruction in the background, which is causing the market to 'freak out'. The commodity unwind, combined with the stronger dollar has whiplashed a bunch of big time hedge funds. Likewise, the mortgage industry is being carved up by the few surviving banks. Portfolios everywhere are looking good one minute and awful the next. I think there is plenty of pain for everyone. Gold and resource stocks are getting crushed. Oil stocks have imploded in the last week. The market is reaching and groping and not finding much assistance. jmo TO