Cramer’s SanDisk Call (SNDK, INTC)

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By Douglas A. McIntyre Published
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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. 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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