Sansa Nation

With all the rumors of Samsung buying SanDisk SanDisk has issued the following response:

MILPITAS, Calif. –(Business Wire)– In response to media reports, SanDisk(R) Corporation (NASDAQ:SNDK), the world’s largest supplier of flash storage card products, has issued the following statement:

“SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.”

-Ray

[Source: hdvoice]

Popularity: 3% [?]

Shares of SanDisk Corp. stock fell sharply after analysts said rumors of a takeover by Seagate Technology were untrue. SanDisk’s shares soared last week after the takeover bid rumors spread. Their stock fell 10.5 percent after the rumors were said to be untrue after many sold-off their shares. Rumors were going around that Seagate wanted to buy out SanDisk primarily for their SDD technology which Seagate sees as a risk to their hard drive business.

-Ray

[Source: forbes]

Popularity: 2% [?]