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Technology Stocks : WDC/Sandisk Corporation

WDC 163.26

+3.5%

Nov 28 12:59 PM EST

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To: Starlight who wrote (19952)	4/4/2001 1:10:49 PM
From: Starlight	Read Replies (1) of 60323

Sony Says Consumers Forgot Memory Stick [ March 16, 2001 ] Sony Corp. said on Friday its Memory Stick, a tiny data storehouse for portable devices such as digital cameras and the center of a key product strategy, will miss sales targets for this business year as the economy slows. The consumer-electronics powerhouse said it expects to ship only 7 million of the chewing-gum-sized devices in the year to March 31, below a target of 10 million announced last October. “The economy is bad and that's caused it to fall a bit short, and we've introduced a higher-capacity 64 megabyte version so some customers may be buying one of those instead of buying two smaller ones,” a spokesman said. The Memory Stick, brought to market in autumn 1998, allows users to transfer images or sound back and forth between their PCs and portable devices such as digital audio players and video cameras. - TechWeb News planetit.com.

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