Key Developments: SanDisk Corp (SNDK.O)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
Sandisk Corp Raises FY 2013 Revenue Guidance; Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Sandisk Corp announced that for fiscal 2013, the Company is raising estimated revenue range to $5.6 billion to $5.75 billion. For the second quarter of 2013, it expects revenue to be between $1.35 billion and $1.4 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.35 for the second quarter of 2013 and revenue of $5.66 billion for fiscal 2013. Full Article
Sandisk Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates; Issues FY 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Sandisk Corp announced that announced that for first quarter of 2013, it expects revenue to be in the range of $1.225 billion to $1.3 billion. For fiscal 2013, it expects revenue to be in the range of $5.3 billion to $5.6 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.3 for first quarter of 2013 and revenue of $5.8 billion for fiscal 2013. Full Article
e.Digital Corp Files Patent Infringement Lawsuits Against Sandisk Crop, Philips, Grundig And Others
e.Digital Corp announced that it has filed a new round of patent infringement lawsuits in the United States District Court for the Southern District of California. Handal & Associates, on behalf of the Company, has filed three separate new lawsuits against SanDisk Corp, Philips Electronics North America Corporation and Grundig Intermedia GmbH (Grundig) who are makers of infringing products. Also named in the Grundig suit are two of Grundig's distributors, GBS North America L.L.C. dba Grundig Business Systems and Smoltz Distributing, Inc. Full Article
R&I Affirms Rating on Sandisk Corp at "BBB"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Sandisk Corp at "BBB". The rating outlook is stable. Full Article
Sandisk Corp Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Sandisk Corp announced that for fourth quarter of 2012, it expects revenue to be $1.5 billion, plus or minus $50 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.5 billion for fourth quarter of 2012. Full Article
Sandisk Corp Provides Custom Storage Solution for Lenovo ThinkPad X1 Carbon
Sandisk Corp announced it is providing Lenovo with the solid state drive (SSD) used in the new Lenovo ThinkPad X1 Carbon, a 14-inch Ultrabook computer. Full Article
Marvell Technology Group Ltd And SanDisk Corporation Announces Collaboration
Marvell Technology Group Ltd and SanDisk Corporation announced their collaboration on a new generation of microservers for enterprise cloud storage. Combining Marvell's ARM reference design with SanDisk's SATA SSD modules, the solution offers combination of high performance, low power and extreme spatial efficiency for I/O intensive environments. Full Article
SanDisk Corporation Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
SanDisk Corporation announced that for the third quarter of 2012, it expects revenue to be in the range of $1.20 billion, plus or minus $50 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.03 billion for the third quarter of 2012. Full Article
SanDisk Corporation Acquires Enterprise Storage Software Maker Schooner Information Technology
SanDisk Corporation announced the acquisition of Schooner Information Technology, Inc., an enterprise software company located in Silicon Valley that develops flash-optimized database and data store solutions. Schooner’s products complement SanDisk’s growing portfolio of enterprise solid state disk (SSD) and flash-optimized software offerings that enable customers to accelerate the performance of data-intensive applications and reduce overall cost of ownership. Schooner’s team of database and flash optimization experts have joined SanDisk’s Enterprise Storage Solutions (ESS) team. Schooner’s products will be optimized for SanDisk’s enterprise SSD portfolio as well as for enterprise SSDs from third parties. The terms of the transaction were not disclosed. Full Article
SanDisk Corporation Issues Q2 2012 Revenue Guidance; Comments On Q3, Q4 2012 Revenue Guidance; Revises FY 2012 Revenue Guidance-Conference Call
SanDisk Corporation announced that for second quarter of 2012, it expects sequential decline in revenue which is forecasted to be approximately $1 billion, plus or minus $50 million. The Company expect to deliver sequential revenue growth in both the third and fourth quarters of 2012 driven by sales of new embedded products and accelerating growth in the SSD sales combined with the expectation of an improved pricing environment. For fiscal 2012. it expects that full year 2012 revenue will be down from the fiscal 2011 results. The Company reported revenue of $4.827 billion for fiscal 2010. Full Article
SanDisk sees brighter 2013 with higher NAND prices
SAN FRANCISCO - SanDisk raised its forecast for revenue this year and said it expects higher prices for its NAND memory chips, which are used in smartphones and tablets.
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