Wednesday, April 22, 2009

Sandisk Better, Yahoo Not

I indicated earlier this week that flash memory maker Sandisk might get a boost off of the Samsung earnings report tomorrow. Sandisk themselves reported last night and did the heavy lifting, reporting better volumes and talking about better industry supply/demand.

The stock is trading up nearly 10% although short term gains may be limited by the fact that the company needs to raise some money. Up is good.

Away from semis, other growth cyclical tech data points continue to be almost universally positive. especially in flat panel news out of Asia.


Yahoo beat estimates thanks to a lower tax rate, which does not get any credit where it matters. Rightly so. Optimism over a Microsoft deal is the key, which I don't get. Moving on.

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