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

To: jkb who wrote (2058)	12/11/1997 7:17:00 PM
From: Michael A. Gottesman	Read Replies (3) \| Respond to of 60323

Jay: I'm trying to confirm whether or not the contracts with the fabs are in US$ or Asian$. The deflation of Asian currencies could be a big boom for SNDK: First, cheaper production costs; Second, this could allow for higher margins; Third, could allow for faster reduction in Flash prices which would blow competing technology (i.e.click, smart media) out of the water. Depending upon the answer I receive, I may be in for more buying. Happy buying tomorrow if the stock sinks lower. And for all of us feeling sorry for ourselves, think of all the institutional investers who bought at 26 and change and witnessed this 20%+ decline? Mike G.

To: jkb who wrote (2058)	12/11/1997 7:39:00 PM
From: Mike Winn	Read Replies (4) \| Respond to of 60323

Let's take a look at the stock this way. At 28 and change, the stock has to get close to 60 for us to double. At 19 and change, this stock only needs to go to 40 to double. This stock was at 39 previously before the 80Mbit double density flash chip and the MMC were announced. And on top of that, the company had an outstanding 3rd quarter earnings. So fundamentally, this company has improved quite a bit and there is no doubt that this stock should be back to at least 40 in 6 months. Since I did a little bit of short term tradings, my average price is now around 20. This stock only needs to go to around 60 to give me the same reward as when I had at 26 and I was hoping it will go to 80 in 18 months. I am now looking forward to throw a virtual beer party to everyone on this thread in perhaps 18 months. This stock is now trading at a trailing PE of 25, and 98 PE of 21. This is assuming that the company doesn't blow away the estimate again. Looking towards January, I see another blow out earnings, and the company will start shipping engineering samples of the MMC. We should hear design win announcements for the MMC between January and June when the MMC will be shipped commercially.