News: SanDisk Corp (SNDK.OQ)

SNDK.OQ on NASDAQ Stock Exchange Global Select Market

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19 Sep 2014
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Tue, Sep 9 2014

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Japan's Toshiba to invest about 200 billion yen a year in chip business

TOKYO - Japanese conglomerate Toshiba Corp will maintain an annual investment of around 200 billion yen ($1.9 billion) into its chip business beyond the current business year, Chief Executive Hisao Tanaka said on Tuesday.

Japan's Toshiba to invest about 200 bln yen a year in chip business

TOKYO, Sept 9 - Japanese conglomerate Toshiba Corp will maintain an annual investment of around 200 billion yen ($1.9 billion) into its chip business beyond the current business year, Chief Executive Hisao Tanaka said on Tuesday.

UPDATE 1-SK Hynix says Toshiba seeks $1.1 bln in NAND leak suit

* Toshiba, SanDisk filed separate suits after alleged leak (Updates with background, attempt to reach Toshiba)

Supply constraints hits SanDisk's forecast, shares fall

- SanDisk Corp gave a current-quarter revenue forecast that was below Wall Street's estimate, warning that it would be unable to the meet the booming demand for solid-state drives and memory chips, and its shares fell 9 percent in extended trading.

UPDATE 2-Supply constraints hits SanDisk's forecast, shares fall

(Adds CFO, analyst comments, details from conference call, updates shares)

CORRECTED-SanDisk quarterly revenue rises 11 percent

July 16 - Memory chipmaker SanDisk reported an 11 percent rise in second-quarter revenue as its growing focus on high-end solid-state drives helped offset volatile prices for memory chips.

SanDisk to buy Fusion-io to boost flash storage business

- SanDisk Corp SNDK.O said on Monday it will buy Fusion-io Inc FIO.N for about $1.1 billion to bolster its fast-growing business of providing flash storage drives to companies.

UPDATE 3-SanDisk to buy Fusion-io to boost flash storage business

June 16 - SanDisk Corp said on Monday it will buy Fusion-io Inc for about $1.1 billion to bolster its fast-growing business of providing flash storage drives to companies.

US STOCKS-Wall St holds near flat as M&A counters Iraq worry

* Indexes off: Dow 0.16 pct, S&P 0.11 pct, Nasdaq 0.16 pct (Updates to late morning)

US STOCKS-Wall St advances as M&A offsets Iraq worry

* Indexes up: Dow 0.08 pct, S&P 0.24 pct, Nasdaq 0.35 pct (Updates to open, adds quote)

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