SanDisk (SNDK -2.8%) slumps after Needham's Rajvandra Gill starts coverage with a Hold. Gill...

|By:, SA News Editor

SanDisk (SNDK -2.8%) slumps after Needham's Rajvandra Gill starts coverage with a Hold. Gill thinks expectations of improving gross margins and a better supply/demand balance for NAND flash memory are now baked into shares. SanDisk has rallied strongly after providing relatively healthy guidance to go with its Q2 beat.