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

To: Donald Wennerstrom who wrote (50998)	1/28/2011 10:59:46 AM
From: robert b furman	Read Replies (1) \| Respond to of 95484

Hi Don, Reading and weeping.<smile> screencast.com Nice 9 % discount to take advantage of. Looks like outsourcing to Asia back fired with final quality issues on their newest generation handler. It was designed to add to the margins. Needham dropped target from 21 to 20. Oh hurt me . Puulllese reach target !! Bob

To: Donald Wennerstrom who wrote (50998)	1/28/2011 11:44:52 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95484

The market is "hammering" SNDK today, presently down about 8/9 percent, over 4 dollars a share. Here is what S&P has to say about their earnings report yesterday and the outlook going forward. <<S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF SANDISK 9:46 AM ET 1/28/11 SNDK posts Q4 operating EPS of $1.06, vs. $1.45, missing our $1.07 estimate. Sales rose 9% from Q3, above our view, on higher unit shipments. However, the gross margin narrowed more than we forecast, on greater than expected price declines. We see demand driven by rising needs for mobile devices and the adoption of tablets. Also, we see the demand and supply balance staying healthy despite planned industry capacity additions. We keep our '11 EPS estimate at $4.15 and initiate '12's at $3.93. We up our 12-month target price by $11 to $58, on higher revised peer-average P/E.