Sandisk (SNDK): A Modest Quarter

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Sandisk (SNDK) the world’s largest supplier of flash storage card products, announced third quarter revenue increased 38% on a year-over-year basis to $1.037 billion and net income increased to $85 million, or $0.36 per diluted share, compard with net income of $28 million, or $0.12 per diluted share, in the second quarter of 2007. Net income was $103 million, or $0.51 per diluted share, in the third quarter of 2006.

The stock traded flat on the news at $50.50.

Douglas A. McIntyre