SanDisk (SNDK) states on its Q3 earnings call it expects gross margin to reach 33% in Q4 -...

|By:, SA News Editor

SanDisk (SNDK) states on its Q3 earnings call it expects gross margin to reach 33% in Q4 - that's up from Q3's 31%, though still down strongly from 2011 levels. The flash memory vendor also says it now expects industry bit supply to rise 30%-40% in 2013, down from a prior estimate of 40%-50% - that dovetails with recent commentary about flash supply being constrained for a while, leading to favorable pricing. SNDK +3.3% AH. MU +1.2%.