Bill Cara: Flash memory is still the rage, Mon., Nov. 14, 2005, 2:08 PM

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November 14, 2005

Flash memory is still the rage, Mon., Nov. 14, 2005, 2:08 PM

You know of course how much I like Sandisk (NDQ: SNDK) and Lexar Media (NDQ: LEXR) and the flash memory story.

I have written it up several times, and early this year gave readers the heads-up when the share prices were reasonable. These stocks have done very nicely, thank you.

While I am not close to the Silicon Valley scene, and don't pick up the inside gossip, I do have a feeling that the sharks are circling LEXR, believing possibly that this relatively small company might some day become part of a larger one. If that were to happen, could SNDK be far away?

So within the hour Reuters has published more grist for the mill:

Icahn reveals stake in Lexar Media
Monday November 14, 1:18 pm ET WASHINGTON (Reuters) -

"Billionaire investor Carl Icahn on Monday revealed that one of his investment vehicles no longer holds a $39 million stake in software maker Siebel Systems Inc. (NasdaqNM:SEBL - News), but picked up 2.4 million shares, or about 2 percent, of memory card maker Lexar Media Inc. (NasdaqNM:LEXR - News) as of September 30, regulatory filings showed."

Posted by Posted by Bill Cara on November 14, 2005 02:08:47 PM | Category: Flash Memory

Discourse

SNDK & LEXR are great companies, but face a lot of competition while uses for flash memory continue to expand. Barron's had an interesting article in the Technology Week section (November 7, 2005) mentioning an Israeli company SFUN that has a new technology for flash memory with twice the capacity of SNDK. An IPO debuted last week for SFUN and it jumped. Weakness in SNDK last week may be related to SFUN's technology and IPO.

Posted by: Seamus at November 14, 2005 3:59 PM [link]

Bill-
JNJ is looking weaker (technically) again. If this ratchets down past the $60 mark this may be an entry point for long term traders, oui? Very solid fundamentals and great future, just like WMT.

Posted by: MarkM at November 14, 2005 4:00 PM [link]