SanDisk (SNDK +6%) leads gainers among chip stocks (SOXX +1.8%) after Avian upgrades shares to...

|By:, SA News Editor

SanDisk (SNDK +6%) leads gainers among chip stocks (SOXX +1.8%) after Avian upgrades shares to Positive from Negative, expecting forward subduing price declines as new production is pushed into 2012. Avian notes Samsung and Hynix are reducing wafer starts and expects "product coming offline to rationalize pricing." Also: MU +8.1%, MRVL +2.4%, ALTR +2.2%.