SanDisk shares rose 25% today due to speculation that Toshiba Corp. will be buying out SanDisk. SanDisk shares ended the day at $9.02. Prior to today, there were already rumors circulating around that Toshiba, which is Japan’s largest chip maker. Those initial rumors slowly diminished, but now they have resurfaced. Over a month ago, Sandisk stocks fell when Samsung decided to forego their bid to buy SanDisk. Many people questioned the stability of the SanDisk company due to the declining economy and the market glut in NAND Flash memory products. Although the speculation has raise the share of SanDisk, many analysts still believe that Toshiba does not have the financial backing to make such a bid for SanDisk. SanDisk Corp. has yet to give a comment on the situation.
- Geoff
[Source: MarketWatch]








