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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (577)	4/19/2001 6:46:43 AM
From: 2MAR$	Read Replies (1) \| Respond to of 762

SNDK (lose 3 & $23) reports Q1 loss, sees Q2 loss SUNNYVALE, Calif. April 18 (Reuters) - Computer storage maker Sandisk Corp. (NasdaqNM:SNDK - news) reported a first quarter operating loss of 1 cent a share, before charges, and warned of a second quarter net loss citing weak demand and pricing pressure. Sandisk said the net loss of 1 cent compared with a profit of 21 cents in the same quarter of last year. Total revenues fell 7 percent to $101 million from $109 million last year. For the quarter, the company reported an operating loss of $29.1 million, or 43 cents a share, with inventory charges, and further said it realized a loss of $114 million on an investment in United Microelectronics Corp. Combined, the charges led the company to post a net loss of $143.1 million, or $2.11 per share in the first quarter. Further, Sandisk expects to post a second quarter net loss of 5 cents a share based on product revenues of about $88 million -- equal to the first quarter's product revenues -- and license revenues of about $10 million. The company said pricing pressures and weak demand will lead to the loss. Sandisk makes flash data storage products, digital imaging and audio storage