Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (3717)	7/22/2008 9:21:21 AM
From: RockyBalboa	Read Replies (1) of 6370

Sandisks quarter was so ugly that it clearly points out how difficult it became to show a profit. The stock is further down to 14. Key Metrics for Second Quarter of 2008 Product revenue was $688 million, down 5% year-over-year. License and royalty revenue was $129 million, up 20% year-over-year. Total megabytes sold in the second quarter were a record and increased 120% year-over-year and 14% from the first quarter of 2008. Average price per megabyte sold declined 55% on a year-over-year basis and 15% sequentially. Average retail card capacity of 2.36 gigabytes increased 64% on a year-over-year basis and 15% sequentially. GAAP product gross margin was 3.3% compared to 16.2% in the second quarter of 2007. Non-GAAP product gross margin was 5.7% compared to 19.0% in the second quarter of 2007. Operating loss, on a GAAP basis, was ($101) million, or (12%) of revenue compared to GAAP operating income of $14 million, or 2% in the second quarter of 2007. Non-GAAP operating loss was ($57) million, or (7%) of revenue, compared to operating income of $74 million, or 9% of revenue, in the second quarter of 2007.

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