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SanDisk (SNDK) guides on its Q1 earnings call (webcast) for Q2 revenue of $950M-$1.05B, below a...

SanDisk (SNDK) guides on its Q1 earnings call (webcast) for Q2 revenue of $950M-$1.05B, below a consensus of $1.31B. 2012 sales are expected to fall from 2011 levels (consensus is for 4.1% growth). SanDisk is also guiding for a Q2 gross margin of just 26%-30% (down from Q4's 42.9%), and says some phone OEMs are reducing memory card capacity. SanDisk's lack of exposure to Apple and Samsung appears to be hurting its market position. SNDK -7.3% AH.
Comments (2)
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    Give it a few days or so to bottom out, then I think it will be a good buy. I put it on my watch list (along with a couple of competitors) and may do some bottom fishing if it drops under $32 or so.
    19 Apr 2012, 05:45 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1633) | Send Message
     
    Makes sndk more compelling, along with (OCZ) and others.
    19 Apr 2012, 05:59 PM Reply Like
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