News: SanDisk Corp (SNDK.OQ)

SNDK.OQ on NASDAQ Stock Exchange Global Select Market

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Thu, Oct 16 2014

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Chipmaker SanDisk forecasts lower revenue

- Chipmaker SanDisk Corp forecasts current-quarter revenue below analysts' estimates due to supply constraints.

CORRECTED-UPDATE 2-Chipmaker SanDisk forecasts lower revenue

(Corrects headline and story to remove references to Fusion-io integration hurting revenue. Corrects rise in expenses to 25 percent, not 9 percent.)

SanDisk reports higher-than-expected adjusted quarterly profit

Oct 16 - SanDisk Corp reported a better-than-expected adjusted quarterly profit, helped by higher sales of memory chips used in Apple Inc's iPhones and solid-state hard drives.

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.

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