SanDisk (SNDK) is -1.1% to $47.76 after ThinkEquity cut its rating to Hold from Buy, citing...

|By:, SA News Editor

SanDisk (SNDK) is -1.1% to $47.76 after ThinkEquity cut its rating to Hold from Buy, citing expected pricing pressure in 2011. ThinkEquity says rising manufacturing capacity of NAND flash memory products will lower SanDisk's estimated 2011 revenue to $4.9B and $4 per share, down from a prior $5.3B and $4.60 per share. The price of NAND flash parts may drop 41% in 2011.