Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 330.35

+0.5%

Jan 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sixty2nds who wrote (27051)	11/21/2005 3:04:59 PM
From: Donald Wennerstrom	Read Replies (1) of 95708

12:47 ET LOS ANGELES (MarketWatch) -- SanDisk Corp.'s stock plunged as much as 17% in heavy-volume trade on Monday after Intel Corp. and Micron Technology Inc. announced plans for a flash-memory venture that could pressure SanDisk. In recent trading, SanDisk shares dropped $8.38, or 15%, to $47.82. At its worst level for the day so far, the stock fell as low as $46.39. Morgan Stanley analyst Mark Edelstone said he sees the move by Intel and Micron as "a short-term negative for SanDisk and as a development that will likely help commoditize NAND flash over the long term." Elsewhere, UBS analyst Alex Gauna lowered his target price on SanDisk shares to $55 from $60 following the news.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next