Thanks as alwys for your knowledgeable and informative perspective.

I too beleive that the best is yet to come and whie the underlying risk that Sndk will not execute exists, I beleive that the company is fundamentally undervalued notwitstanding the downturn i the economy another external factors beyond is contol.

In the meantime, I will continue to keep a stiff upper lip (given the trend lately I might need botox to do so) and hopefully I will b abe stay clear of the deade knockout blow.

I hope we have seen the worst (fingers crossed)

Happy & safe travels!!

Flshking

Nice to hear from you.

Recently I have been traveling and otherwise distracted. A couple of times in this last stretch, I have started posts, but for one reason or another, haven’t finished. I even had titles picked out:

“Dog Days”; “2010” ; and “More 3D.” Hopefully I’ll get back to these in the weeks ahead.

From my perspective, the SanDisk story is intact and the potential upside is still there- but it may take a while (2010). That said, this last stretch has been a gut check. Indeed Dog Days are here. And of course, a lot could continue to go wrong. SanDisk is not for the faint-of-heart.

The combination of worldwide economic slowdown, and a challenging NAND market has dealt SanDisk a tough hand. Uncertainty over Samsung’s IP licensing renewal (2009 expiration) isn’t helping (understatement).

My sense is that SanDisk has chosen to play hardball– The going has gotten tough, and SanDisk intends to emerge stronger for it. We shall see.

As the low cost NAND producer and holder of significant relevant IP, SanDisk would appear to be wonderfully positioned for when this down cycle ends.

In the biggest picture, trends should be SanDisk’s friends. Mobile is shaping up as promised. SSDs look poised to surpass expectations. SanDisk needs to show that it has the right SSD stuff. If they blow this one, all bets are off. FWIW, I don’t think they will, but again, its wait and see.

The extreme upside, and pot-of-gold, is 3D. My sense is that the licensing agreement between SNDK and Toshiba hints that progress has been made. I have suspected for a while that SNDK had 3D R/W working in the lab. The Toshiba agreement would seem to clear the way for working out manufacturing issues/techniques.

Hope you and yours are well,
Savo

I have been reading your posts since the days of Cencomco, suejenseth, boardwalk, poofypuppy et al. I have always looked forward to your savy posts but haven’t heard from you in over a month and I hope all is well with you and your family. I have been a stallworth long of several thousand shares since the early flash days and have always added on dips. I have never sold a share (what a mistake in hindsight). I have firmly belived in FLSH’s products and IP. What changed when SNDK bought FLSH?? I was hoping you could comment on the relentless decline in the SNDK share price and if you think a SNDk has what it takes to whether this lengthy storm and return to its lofty heights.

Thanks in advance,
Flshking