SanDisk Corp. (SNDK:US), the biggest maker of flash-memory cards, cut its forecast for first-quarter sales, citing weaker-than-expected pricing and demand.
Revenue in the quarter that ended April 1 will be about $1.2 billion, compared with an earlier forecast for $1.3 billion to $1.35 billion. Shares fell in late trading, after the announcement by Milpitas, California-based SanDisk.
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