SanDisk’s modest revenue forecast prompts selloff

SAN FRANCISCO (Reuters) – SanDisk Corp’s modest revenue outlook disappointed investors looking for a rebound in memory chips widely used in smartphones and tablets, sending its shares lower. Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos. …

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