Replies to post #98819 on Zeev's Turnips Patch-No Politics (ZEEV)

[goodluck]

RE: SNDK
It isn't clear to me why you say that "Inventory continues to climb". Below is taken from their report. It shows inventory to be flat, at SNDK at least. Maybe inventory is climbing at NOK and other cell phone producers, I don't follow them closely. At $88m, SNDK's inventory looks OK, given sales of about twice that. And their cash and short term investments look pretty solid to me. They are here for the long run.

 
 Current Assets: 
     Cash and cash equivalents                     $269,811   $266,635 
     Short-term investments                         214,709    189,856 
     Investment in foundries                        119,723    110,069 
     Accounts receivable, net                        80,971     81,086 
     Inventories                                     88,058     88,595 
     Tax refund receivable                                -      1,563 
     Prepaid expenses and other current assets        8,558     16,926 
                                                    --------   -------- 
 Total current assets                               781,830    754,730 
  
 

[limtex]

More sales than expeted and less cost per MB. Those are tow pretty important metrics, imptortqant enough to make quite good business.

As for Samsung, I don't see hoe they figure in this equation. How does Samasung affect the i-Mode handset usage of specific SNDK memory products for those handsets or have I missed something.

L