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Message: RE: OT: SNDK

RE: OT: SNDK

posted on Oct 21, 2005 12:10PM
SanDisk (SNDK) SqueezeTrigger Price Is $29.87. Short Sellers Down Approximately $273 Million As Company Crushes Profit Estimates.

Oct 21, 2005 (M2 PRESSWIRE via COMTEX) -- announced today that the 11.75 million shares declared short on SanDisk Corp. (NASDAQ: SNDK) have a SqueezeTrigger Price of $29.87 per share. The company earned $107.5 million, or 55 cents per share, up 98.6 percent from $51.4 million, or 29 cents per share, in the year-ago period. Revenue for the quarter ended Oct. 2 was $589.6 million, up 44.5 percent from about $408 million a year ago. Analysts polled by Thomson Financial had expected earnings of 35 cents per share on sales of $523.8 million. Short sellers are down approximately $273 million as the stock is trading near $53.00.

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