Feeds

SanDisk shares tumble as chip-maker lowers Q1 forecast

Flash shares fall 10%

Next gen security for virtualised datacentres

Flash memory maker SanDisk haS suffered a 9.47 per cent dip in its share price in trading today, after they announced a summary of results for the first quarter of 2012.

Blaming weaker than expected demand and pricing, SanDisk said that its revenues for the three months ending 1 April were 8 to 11 per cent lower than expected. Analysts had predicted total revenue for the quarter to be between $1.3bn and $1.35bn, but SanDisk will be turning in $1.2bn said the canned statement.

Total gross margin is also expected to be below the previously guided range of 39 to 42 per cent.

It's not good news for the Californian flash memory and solid state drive maker, because its 25 January predictions were already fairly pessimistic coming off the back of a poor quarter at the end of 2011.

With the Ultrabook market yet to take off, Samsung and Apple are the two huge players in the market for flash memory and SanDisk has no significant contracts with either.

SanDisk's full results announcement and earnings call will be held on 19 April. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.