News: SanDisk Corp (SNDK.OQ)
19 Sep 2014
Tue, Sep 9 2014
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.
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.
* Toshiba, SanDisk filed separate suits after alleged leak (Updates with background, attempt to reach Toshiba)
- 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.
(Adds CFO, analyst comments, details from conference call, updates shares)
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 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.
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.
* Indexes off: Dow 0.16 pct, S&P 0.11 pct, Nasdaq 0.16 pct (Updates to late morning)
* Indexes up: Dow 0.08 pct, S&P 0.24 pct, Nasdaq 0.35 pct (Updates to open, adds quote)
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