News, analysis and insights on technology investing from Barron's Silicon Valley bureau.
Visit BARRONS.com: Tech Trader Daily - Barron's Online
SanDisk: JMP Downgrades; Sees Competition Rising
Posted on May 16, 2008
SanDisk (SNDK) shares are coming under pressure today after a week-long rally, as JMP Securities cut its rating on the stock and cautioned that competitive pressures in the flash memory sector are rising.The JMP move is a reversal from recent bullish action in the stock. On Tuesday, the stock rallied on bullish comments from Citigroup s Craig Ellis. Wednesday, the stock gained ground as memory chip stocks moved higher following comments from Applied Materials about memory sector cap ex reductions. And yesterday, the stock was upgraded to Buy from Hold by Needham s Y. Edwin Mok.Adding to t...
Original article link
Subscribe to BARRONS.com: Tech Trader Daily - Barron's Online