Silicon Investor (SI) -- The First Internet Community

To: Craig Freeman who wrote (23489)	8/2/2003 11:25:39 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 55220

>>SanDisk royalty revenues are small potatoes compared to their markey cap. And SNDK has always been so secretive about their royalty agreements that it would be foolish for an investor to rely upon future royalties as a source of income.<< Craig, the measure that counts is the contribution of royalties to total revenues, not market cap. >>Lexar has far more shelf space than SanDisk.<< SanDisk gets royalties from a growing amount of Lexar sales. So more power to Lexar. >>According to Edgar, Amazon has a lot more cash than SanDisk.<< What counts is not how much cash but how much cash in relation to book value per share, and how much cash in relation to long term debt. SanDisk, ever since I started following it in 1998, has always maintained a huge cash balance--maybe too large, but anyway, better too much than too little cash. Art