SanDisk: A Huge Q2 Miss on Weak Flash Market

July 21, 2008 at 3:23 pm PT

SanDisk (SNDK) reported a very ugly second quarter, posting revenue of $816 million and a pro forma loss of 10 cents a share, well short of the Street consensus of $906.8 million and a profit of 13 cents.

The NAND flash memory chip company also said it is delaying the start of the next phase of production ramp at its Fab 4 facility, and now expects to start no sooner than April 2009. The company also is pushing out its decision to invest in Fab 5 until market conditions improve.

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Tagged with: Barrons, Eric Savitz, flash memory, frontpage, NAND, SanDisk, Tech Trader Daily

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