SanDisk Will Trim Work Force to Counter Falling Prices
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The SanDisk Corporation said it would cut 10 percent of its work force and trim executive salaries to compensate for a recent collapse in prices for memory chips.
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Decline in cost of new drive is chalked up to the drastic pricing reduction experienced by the flash industry.
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Looking to grab some momentum and market share from rivals EMC and Hewlett-Packard, IBM took the wraps off a new, midrange storage offering that--in a 3U form factor&quot;-could scale up to 67 terabytes.
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SanDisk (SNDK) is losing money as it battles rivals who also want to sell flash memory, the digital data storage medium for devices like cameras or music players. The war for customers is pushing down prices in the market and it's tougher to turn a profit.
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SanDisk Corp. , the world's leading maker of flash memory data storage cards, plans to distribute its products through 2,000 stores in India in coming weeks, a company statement said on Wednesday.
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A soft IT market is weighing on the storage company.
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One-inch Microdrive capacity will jump to up to 10GB.
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PC Magazine - Practical features at extremely competitive prices continues to be SanDisk's formula for success.
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It's good news for users: as CPU and memory chip sales fall, so will prices--to vendors' dismay.
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SanDisk Corp , a maker of  flash memory and consumer electronics, has driven growth in  sales outside of the United State in recent years, insulating  it somewhat from any potential downturn in the U.S. economy,  its chief executive said on Monday.
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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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SanDisk Corp. SNDK.O will bring a $100   MP3 music player onto the market in October with a capacity of   2 gigabytes, enough to hold about 1,000 songs, the company said   on Saturday.
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Company will begin production on sub-1-inch hard drive later this year.
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Hitachi said it is phasing out its small hard disk drive business as competition heats up with flash memory chips.
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If storage remains free to corporate users, then there is little inclination to economize or improve utilization. Any company's goal should be not only to provide a cross-charging mechanism for recouping costs, but also to incent more efficient usage of storage.
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New chip will cut the time required to transfer content onto those devices.
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Prices for flash memory cards -- the little modules used by digital cameras, handheld organizers, MP3 players and cell phones to store pictures, music and other data -- are headed down -- way down. Past trends suggest that prices will drop 35 percent a year, but industry analysts think that rate will be more like 40 or 50 percent this year and next, due to more manufacturers entering the market.