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SNDK: Piper Sees Possible Boost From Drive Shortage
05.01.12
By Tiernan Ray Piper Jaffray’s Jagadish Iyer this morning writes that flash memory drive SanDisk ( SNDK ) could see a lift from the ongoing disruption of the hard-disk drive industry caused by flooding in Thailand , following Intel’s ( INTC )... Iyer has been modeling solid-state drive sales of $430 million for SanDisk in 2012, well up from $170 million in 2011, as the company garners 8% share of the total market category. Sales of Microsoft’s ( MSFT ) Windows 8 operating system, later in the year, combined with the Ultrabook laptop/tablet machines touted by Intel should boost flash drive adoption, he notes. And things will be helped by a drop in price of the drives to about $1 per gigabyte.
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