Feeds

SanDisk shares tumble as chip-maker lowers Q1 forecast

Flash shares fall 10%

Top 5 reasons to deploy VMware with Tegile

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
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.