SanDisk (SNDK +13.2%) continues surging after offering better-than-feared Q3 guidance to go with...

|By:, SA News Editor

SanDisk (SNDK +13.2%) continues surging after offering better-than-feared Q3 guidance to go with its Q2 report. Though SanDisk still expects to see a double-digit Y/Y revenue drop, growing flash memory usage in the smartphone, tablet, and solid-state drive markets is keeping a worst-case scenario from unfolding. RBC thinks earnings call comments about "custom embedded solutions" suggests orders from Apple, which has been relying on rivals. MU +1.5%. OCZ +2%.