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

To: JesseK who wrote (3308)6/18/1998 11:08:00 PM
From: Dennis Wang  Respond to of 60323
 
Remember when this stock was around low 20 we have the same estimate as today. When this one down to 16, I believe people's expectation has already reduced and the stock price has already facted in. So I think this one will settle around $13.



To: JesseK who wrote (3308)6/18/1998 11:46:00 PM
From: Rex Dwyer  Read Replies (2) | Respond to of 60323
 
I read the release to mean that they will just barely break even. With the royalty income, this means the IC business is losing money at about a $7M per quarter clip.

The press release read, "Earnings per share are expected to be marginally positive." In fact, it said, "SanDisk Expects Second Quarter 1998 Revenues and Earnings to be Below First Quarter." That's the headline.

Rex


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