SanDisk Plunges 16%: Second Warning in a Row; How Deep Are The Issues?

Tech Trader Daily
By Tiernan RayMar 26, 2015, 11:30 am158 pts
Shares of storage and memory tech maker SanDisk (SNDK) are down $13.26, or 16%, at $67.91, after the company this morning announced that Q1 revenue will be about $100 million less than thought, around $1.3 billion, versus a prior forecast for $1.4 billion to $1.45 billion. It was the second warning from the…

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