Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (39703)	7/28/2008 12:56:22 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95622

S&P downgrades SanDisk to 'B ' from 'BB-'; outlook negative 10:59 AM ET 7/24/08 \| Marketwatch SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Thursday cut SanDisk Corp.'s corporate credit and senior unsecured ratings to B+ from BB- due to the unexpected severity of second-quarter operating losses and the company's expectation that industry conditions will worsen in the near term. It also lowered the outlook on the company's ratings to negative from stable. "If the company cannot equalize demand and supply, it is likely to continue to operate with negative discretionary cash flow. If liquidity is depleted to below $2 billion over the next two to three quarters, we could lower the rating. Once the company's operating trends return to historical averages, and leverage statistics recover to levels that are commensurate with the rating, we could revise the outlook to stable," said Lucy Patricola, an S&P credit analyst. Ratings agencies view B-grade ratings as speculative.