In the wake of a big loss posted this week by SanDisk, layoffs appear to be in the offing.
On Monday, SanDisk said in prepared remarks that as part of its efforts to reduce operating expenses, "actions will be implemented in the current quarter" and will include "canceling or exiting a number of products and marketing activities, and will result in employee reduction in R&D, Sales & Marketing, G&A, and Operations."
And on Monday during SanDisk's third-quarter earnings conference call, CFO Judy Bruner spoke about more restructuring to come. In response … Read more
Will 2009 be the year that solid-state drives take off? Maybe not. The speedy drives are catching on, but wider acceptance will take time--and the bad economy isn't helping.
Costs are still high for these drives, which typically outdo--and in some cases blow away--hard disks in performance. "2010-2011...that's when we think the price points for the SSD market get attractive enough to really drive stronger growth," Sanjay Mehrotra, president and chief operating officer of SanDisk, said this week during SanDisk's third-quarter earnings conference call.
Indeed, there is still a wide price gap between hard-disk … Read more
Super Talent Technology is out with a new family of high-capacity USB drives that offer up to 64GB of space.
For now, the new drives are possibly the largest in the community of little drives. And they have style too.
Dubbed Luxio, the drives are housed in a sleek .8 inch by 3 inch by .4 inch UV-coated ABS/PC case with chrome-plated zinc trim. They come in black, silver, and wood grain colors and in three storage sizes: 16GB, 32GB, and 64GB.
All models in the Luxio family come with advanced AES-256 hardware encryption as a standard feature that … Read more
Updated at 11:40 p.m. with SanDisk response to Samsung letter.
Samsung on Tuesday withdrew its $5.85 billion bid for SanDisk, citing an increasing "risk profile."
This follows a new manufacturing agreement between SanDisk and Toshiba disclosed Monday and a stiff rejection by SanDisk last month of the Samsung offer.
"After nearly six months of efforts to pursue a transaction with no meaningful progress, we are withdrawing our proposal to acquire SanDisk," Yoon Woo Lee, vice chairman and CEO at Samsung Electronics, said in a letter that Samsung released Wednesday in Seoul.
"I … Read more
Transcend is kicking up its pocket-size external hard drives to 500GB, the company announced Tuesday. This is the second vendor I've run into that now offers compact external hard drives of this storage size. The first was OWC, with its Mercury On-The-Go, which came out awhile ago.
Both models are based on 2.5-inch 5400rpm SATA internal hard drives and feature USB-only connection interfaces with bus-powered capability. These drives are compact enough. However, … Read more
SanDisk said it is still "open" to a Samsung buyout offer and hinted at more restructuring to come, as the largest supplier of retail flash memory cards reported a third-quarter 2008 net loss of $155 million on Monday.
The loss was significantly worse than the net income of $85 million reported in the third quarter of 2007. SanDisk and other flash memory chip suppliers have been hit by a steep price decline in flash.
Operating loss, on a GAAP basis, was $250 million, compared to GAAP operating income of $109 million, in the third quarter of 2007.
The … Read more
The latest MacBook Air masks a lot of new electronics under an old skin.
To me, the new MacBook Air (MBA) is truly a second-generation product despite its unchanged appearance. But before I explain why, let me clarify where I am coming from.
I have been using an MBA for the last eight months. Why the over-priced Air? I am a minimalist when it comes to computers (though not necessarily when it comes to spending money on computers). The more spartan the laptop is, the better. In a well-executed design this translates to more portability, which, for me, takes priority … Read more