Marc,
I also found this. It pretty much says the same thing. It looks like the .15-.18 estimate with optimism to the upside should have been pessimism to the downside.------
<<<<<<<Sandisk (SNDK) sees Q4 revs about even with Q3
SUNNYVALE, Calif., Dec 30 (Reuter) - SanDisk Corp, a maker of data storage products using
flash memory, said on Monday it expects its fourth quarter sales to be approximately even with
the third quarter's $26 million.
In a statement, SanDisk said several of its customers are experiencing weaker client re-orders and
new product launches, in turn causing a decline in orders for SanDisk products.
In addition, product gross margins are falling due to greater competition and a shift toward lower
margin products in the digital camera market, the company said. "Order visibility decreased during
the quarter and is expected to be limited for the foreseeable future," SanDisk said.
While product margins are declining, overall gross margins, as well as operating income should
increase in the fourth quarter from third quarter levels due to a recently signed cross-licensing pact
with Sharp Corp (6753).
Under that arrangement, the two companies have licensed each other's patents for the design and
manufacture of flash memory products. Financial details were undisclosed.
SanDisk shares closed off 3/4 at 11-1/4 on Monday.
Rtr 17:42 12-30-96 (Eastern Standard Time)>>>>>>
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