SanDisk (SNDK) -6.1% AH after warning it expects Q1 revenue of $1.2B, below a guidance range of...

|By:, SA News Editor

SanDisk (SNDK) -6.1% AH after warning it expects Q1 revenue of $1.2B, below a guidance range of $1.3B-$1.35B. The NAND flash memory vendor, which blames the shortfall on weak pricing and demand, also says its gross margin will be below a guidance range of 39%-42%. Rival Micron (MU), which mentioned seeing weak NAND pricing during last month's FQ2 earnings call, is down 1.1% in sympathy.