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SanDisk Slides to 52-Week Low (at TheStreet.com)
www.thestreet.com | Jul 1, 2008
Pacific Crest Securities analyst Kevin Vassily cut his financial estimates for SanDisk's second quarter and 2008 year, citing a market "awash in supply" of flash chips that has led to rock-bottom prices and is showing signs of lingering well into the future.
SanDisk: Pacific Crest Cuts Ests On Lower NAND Prices (at Barron's Online)
blogs.barrons.com | Jul 1, 2008
SanDisk (SNDK) shares are down sharply today, pressured at least in part by cautionary comments from Pacific Crest analyst Kevin Vassily. Vassily today chopped his 2008 EPS estimate to $1.05 from $1.26; for '09 he goes to $1.46 from $1.62. (The Street sees $1.44 this year, $1.82 next year.) The
Publicis & Hal Riney Named Agency of Record for SanDisk (Marketwire)
biz.yahoo.com | Jul 1, 2008
Publicis & Hal Riney Named Agency of Record for SanDisk. - SAN FRANCISCO, CA--(MARKET WIRE)--Jul 1, 2008 -- Publicis & Hal Riney today announced that it has been selected by the world leader in flash memory, SanDisk (NasdaqGS:SNDK - News), as its agency of record for advertising and digital.
Head of SanDisk Taiwan announces unexpected resignation
www.digitimes.com | Jul 1, 2008
The ex-MSystems Asia president and head of SanDisk Taiwan following the merger of the companies, recently announced his unexpected resignation. According to industry speculation, the step down was called for after the regional division incurred heavy losses from TwinMOS Technologies' account with
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SanDisk Names Juha Raisanen Senior VP, WW Operations - Electronics Design, Strategy, News |
www.ednasia.com
In addition, he will continue to drive operational efficiency and effectiveness to further strengthen SanDisk's leadership in the areas of product cost, quality and customer satisfaction.
http://www.ednasia.com/article-15216-sandisknamesjuharaisanenseniorvpwwoperations-asia.html
News from Zibb.com
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SanDisk acquires privately-held MusicGremlin - Zibb.com
NEW YORK, Jun 10, 2008 (Thomson Financial via COMTEX) --
SanDisk Corp. Tuesday said it acquired privately-held technology company MusicGremlin.
Terms of the deal weren't disclosed.
The acquisition falls under SanDisk's Sansa audio/video business unit.
The digital music player manufacturer's shares closed at $26.52 on Monday. Christie Rizk cr/pc
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Tags: acquisition business manufacturer music technology
Companies: SanDisk Corp. (SNDK)
SanDisk Buys MusicGremlin - Zibb.com
WASHINGTON, Jun 12, 2008 (ASCRIBE NEWS via COMTEX) --
SanDisk, a seller of MP3 players in the United States, announced it has acquired MusicGremlin, a privately-held technology company that develops advanced digital content distribution technologies.
The acquisition falls under SanDisk s Sansa audio/video business unit.
MusicGremlin s digital distribution platform and capabilities will provide SanDisk with adaptive and innovative technology that will play a key role in the development of future Sansa products for consumers, said Daniel Schreiber, general manager and senior vice president for SanDisk s Sansa audio/video business unit.
Robert Khedouri, co-CEO and co-founder of MusicGremlin, will join the Sansa team as vice president of services.
SanDisk and MusicGremlin share a core passion for granting consumers easy access to digital content, said Khedouri. We re very pleased that MusicGremlin technologies will soon contribute to a new generation of Sansa products and services. We look forward to joining SanDisk in realizing our vision for the future of distributed media.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
HEADLINE -Frost & Sullivan: Need for Uninterruptible Power Supply Growing .TEXT According to Frost & Sullivan, increasing complexity of data centers and networks contributes to growing trend toward outsourcing of North American uninterruptible power supply (UPS) services.
The consulting firm found that UPS protection is vital for data centers and networks. Customers are overwhelmed by having to manage and control electrical systems in addition to managing networks. Issues such as heat, battery capacity and UPS uptime require constant supervision, and the transition to server consolidation and high-density data centers further aggravates this situation due to increased heat and power density.
New analysis from Frost & Sullivan, North American UPS Services Markets, finds the market earned revenues of $876.3 million in 2007 and estimates to reach $1.29 billion in 2014.
Revenues for UPS services are primarily driven by the number of installed UPS systems, which is expected to grow during the forecast period, said Frost & Sullivan Senior Consultant Farah Saeed. The growth of the installed base has been positively influenced by data center expansions and build-outs.
The analysis showed that revamped service offerings also increase the attractiveness of outsourced UPS services. A number of companies focus on addressing the entire physical infrastructure of data centers. Physical infrastructure consists of UPS, power distribution units (PDU), chillers, air handlers, pumps and other devices. As a direct result, companies have introduced, launched and marketed service programs that provide holistic solutions to address predictive faults, emergency and preventative maintenance issues.
In an increasingly competitive market, Frost & Sullivan noted, vendors are challenged by shrinking margins, rising raw material costs, market mergers and product commoditization. Consequently, vendors bundle services, such as breakdown maintenance, with UPS shipments and use them as a bargaining tool. This, in return, reduces revenue for UPS services.
Furthermore, there exists a oligopolistic competitive environment with the top four market participants controlling around 53.9 percent of the market, and the remaining market participants controlling less than 3 percent each, said Saeed.
Frost & Sullivan concluded that educating customers on the importance of maintaining uptime through acquired value-added services is important to gain revenue. Many UPS manufacturers resort to production of white papers on the difference between various UPS services and also collaborate with the media to educate end users about benefits of purchasing preventative maintenance contracts.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
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Tags: business ceo electrical emergency environment market media merger mp3 partnership president products revenue technology
SanDisk (SNDK) NewsBite - Zibb.com
May 08, 2008 (Fresh Brewed Media via COMTEX) --
SanDisk (NasdaqNM: SNDK) closed yesterday at $29.28. So far the stock has hit a 52-week low of $19.54 and 52-week high of $59.75. SanDisk stock has been showing support around 27.99 and resistance in the 30.83 range. Technical indicators for the stock are Bullish and S&P gives SNDK a neutral 3 STAR (out of 5) hold rating. For a hedged play on this stock, look at an Oct '08 27.50 covered call (SWQ JY) for a net debit in the $24.33 area. That is also the break even stock price for this trade. This covered call has a 163 day duration, provides 16.91% downside protection and a 13.03% assigned return rate for a 29.18% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the SNDK Jan '09 20 Call (OWS AU) and selling the Oct '08 27.50 call (SWQ JY) for a $6.10 debit. The trade has a 163 day life and would provide 10.86% downside protection and a 22.95% assigned return rate for a 51.00% annualized return rate (for comparison purposes only). SanDisk does not pay dividends at this time.
IHF - Investors Observer Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Companies: SanDisk Corp. (SNDK)
Next Inning Technology Updates Outlooks for SanDisk, Anadigics, RF Micro Devices, and SiRF
PRINCETON, N.J., May 15, 2008 /PRNewswire via COMTEX/ --
Next Inning Technology Research (http://www.nextinning.com), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for SanDisk (Nasdaq: SNDK), Anadigics (Nasdaq: ANAD), RF Micro Devices (Nasdaq: RFMD), and SiRF Technology (Nasdaq: SIRF).
In January, just before tech stocks bottomed, McWilliams advised readers as to why Wall Street was wrong about technology and encouraged them to accumulate shares of specific stocks; some have since nearly doubled. He has followed that up with several reports, the next of which will be published this weekend. To read this report and enjoy a 21-day free trial of Next Inning, please click the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn675
In response to subscriber inquiries, McWilliams wrote: "While the timing of my flip to a bullish stance on SanDisk was luckily the same day it hit a multi-year low, I think the logic is now proving to be right on -- what we're hearing now from Wall Street is that the second half looks good for NAND Flash and that was exactly the basis behind my bullish thesis..."
McWilliams also looks at these topics:
-- Now that SanDisk is up more than 50% from McWilliams' suggestion to
buy, does he still believe the stock will hit his $40 target or that it
may be better to take some profits now that Wall Street is catching on?
-- Are analysts right in suggesting that RF Micro poses a serious
competitive threat to Anadigics?
-- Should investors consider selling SiRF now that it has bounced off its
recent lows? What options does McWilliams see for SiRF in the near
future?
Founded in September 2002, Next Inning's model portfolio has returned 221% since its inception versus 93% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
Tags: advisor investment nasdaq note research securities security semiconductors subscription technology
Companies: ANADIGICS, Inc. (ANAD), RF Micro Devices Inc. (RFMD), SanDisk Corp. (SNDK), Sirf Technology Holdings Inc (SIRF)
News from Zibb.com
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