Earnings alert: SanDisk earnings top estimates
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Plus: SAP revenues solid, outlook moderate...Phone sales boost Nokia profits past forecasts...eBay posts large quarterly loss on Skype write-down...IBM services buoy earnings...Yahoo net profit falls.
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Memory problems SanDisk is to axe 250 staff - 10 per cent of the payroll - to combat plunging memory stick prices.â¦
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Plus: AT&T profit rises...Samsung SDI swings to loss...Outstanding earnings for Apple...Xerox profits from color printers.
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Oracle (nasdaq: ORCL - news - people ) will report fiscal first-quarter results. Analysts polled by Thomson First Call expect quarterly earnings of 9 cents per share on revenue of $2.
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roundup Plus: SanDisk ups capacity on flash memory cards...Google tests Froogle in U.K....Senate postpones vote on file-swapping bill...HP may expand Puerto Rican research.
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Plus: Lucent's 1st profitable year since 2000...EMC issues sunny report...IBM net income inches higher, despite legal bill.
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Plus: Alltel profit, revenue rise...SanDisk earnings top estimates...SAP revenues solid, outlook moderate...Phone sales boost Nokia profits past forecasts.
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Capacious but costly SanDisk yesterday dealt its most capacious SD memory card yet: a 32GB SDHC that it expects to see on store shelves in April priced at $350 (Â£176/â¬235).â¦
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Plus: Samsung SDI swings to loss...Outstanding earnings for Apple...Xerox profits from color printers...Alltel profit, revenue rise.
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Plus: Amazon margins a concern...AT&T profit rises...Samsung SDI swings to loss...Outstanding earnings for Apple.
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U.S. stocks to watch on Tuesday:  SILICON STORAGE TECHNOLOGY SSTI.O: The flash memory company  said its fourth-quarter revenue would fall below expectations.  Its stock closed at $7.01 on the Nasdaq.
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Plus: Cisco posts higher quarterly profit...RealNetworks reports leap in quarterly earnings...Time Warner earnings perk up. Check back for latest.
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Plus: Microsoft expected to post healthy profits...Seagate turns in mixed report...IBM targets well above expectations...AMD has wider loss due to charge on ATI purchase.
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Decide to do something about portable data storage now rather than later. Let your auditors and risk management staff know that 4GB dip sticks are here, and 1.6TB gel disks are around the corner.
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In an announcement strategically timed to lessen its impact, SanDisk admits that it must cut prices to stay competitive in a tougher NAND memory chip market. Layoffs and salary cuts for executives are also planned.
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Flash memory supplier SanDisk Corp is to cut 10% of its workforce, 250 jobs. It said NAND component pricing has dropped by 50% in the past two months due to excess supply coupled with first quarter seasonally weak demand.