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SanDisk (SNDK +3.3%) pops on rumors it has hired Goldman Sachs to facilitate a sale. SanDisk...
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Tuesday, June 12, 2012, 2:14 PM ETSanDisk (SNDK +3.3%) pops on rumors it has hired Goldman Sachs to facilitate a sale. SanDisk sports a low valuation (1.7x estimated 2012 sales), but also carries a market cap of $8.7B, and operates in a capex-intensive business that's occasionally subject to massive price declines. OCZ Technology (OCZ +7.4%) and STEC (STEC +3.1%), which compete with SanDisk's solid-state drive business, are also rallying.
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