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Technology Stocks : WDC/Sandisk Corporation
WDC 219.44+16.8%Jan 6 3:59 PM EST

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To: Pam who wrote (35312)2/16/2007 4:55:08 PM
From: Lantanadog   of 60323
 
MILPITAS, Calif., Feb 16, 2007 (BUSINESS WIRE) -- SanDisk(R) Corporation (NASDAQ:SNDK), the world's largest supplier of flash storage card products, today announced cost cutting measures.

Even without the decline in NAND ASP, a reduction of force was a necessary evil to merge overlapping positions/product lines. The thing I don't get is why announce it and then say it won't happen until early March? I can't imagine that it will do much for productivity during the next 2-3 weeks.
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