On today’s STOP TRADING segment on CNBC, Jim Cramer took notice of SanDisk Corp. (NASDAQ:SNDK) ahead of earnings today. Estimates are $0.15 EPS and almost $793 million in revenues. SanDisk is one Cramer said is particularly interesting after a JP Morgan upgrade ahead of earnings and he also noted that Intel (NASDAQ:INTC) indicated in its conference call flash memory will win over hard drives is a huge win long-term for SanDisk.
This may be true if the performance can ramp more and more and the cost can compress drastically. Currently, these flash drives do not compete on a dollar to dollar basis for the technology. Moore’s Law probably will continue to prevail that basically states that computing power doubles every 24 months for the same cost. Even if that is the case, this won’t be the technology norm for a few years out and if you like SanDisk you better better like it based on the current flash market rather than for what may be the case a few years out. That’s my take at any rate. SanDisk shares are up roughly 30% in the last 90 days, and it would be the understatement of the year to say that it can be volatile after earnings.
Jon C. Ogg
July 18, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
