Sandisk's Hope for the Future
Along with their partner Toshiba's $5 billion, Sandisk is investing another $5 billion in chip-making factories over the next 3 years. The flash industry has been on fire recently and is predicted to skyrocket over the coming years. Flash chips are used to store digital music, videos, and pictures on portable electronic devices. This industry is poised for future growth and Sandisk is challenging the industry leader, Samsung Electronics by increasing their output of flash chips. It would be prudent to to some more homework on this stock and watch their news and movement closely. However, it could be a good long term play ever since its pullback from 77 dollars in January.
posted by Stock Administrator @ 1:38 AM
1 Comments:
At 10:24 AM ,
madmoney26 said...
I wonder if Cramer is going to push COLM next since he is going to Columbia University tonight. Last time he was at Michigan and pushed WWW (wolverine) because that is their mascot. It is an interesting idea. Does anyone think this could be true?
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