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Monday, November 13, 2006
We can see this story developing as it was discussed here before: consumers are hurt by housing, mass market production is feeling the hit and cutting on inventories, SNDK is early bird in the cycle to cut down its amusement. Semis are indicator for health of the consumer economy: Election rally is coming to End reality is little bit different then media would like you to believe:
"LONDON (MarketWatch) -- UBS downgraded memory chip manufacturer SanDisk Corp. SNDK45.75, -0.38, -0.8%) to neutral from buy, citing a likely oversupply in flash memory chips in 2006 and 2007. The firm said capacity growth at SanDisk and its peers means oversupply could reach 10% to 15% in 2006 and 5% to 10% in 2007."
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bA9F9A1B2-0A8F-4C25-BDDF-CF2A1C8E7CCF%7d&siteid=yhoo&dist=yhoo
"LONDON (MarketWatch) -- UBS downgraded memory chip manufacturer SanDisk Corp. SNDK45.75, -0.38, -0.8%) to neutral from buy, citing a likely oversupply in flash memory chips in 2006 and 2007. The firm said capacity growth at SanDisk and its peers means oversupply could reach 10% to 15% in 2006 and 5% to 10% in 2007."
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bA9F9A1B2-0A8F-4C25-BDDF-CF2A1C8E7CCF%7d&siteid=yhoo&dist=yhoo
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