Everybody is buying flash - but as usual, the manufacturers got too greedy and built too many NAND-capable Fabs. Even Intel got into the business with an inferior partner in order to get a piece of the action. The best thing that Andy Grove did for Intel was to get them out of the memory market. Barrett/Ottellini got them back into it. I wonder who will get Intel out of the memory market again..... probably NOT the big O.
Anyway, even SanDisk is not doing too well. They might actually LOSE money this quarter - or make very little. I fully expect Eli to have a fit and get rid of a significant number of people..... sooner rather than later. In fact, every time the stock drops $5, SNDK has a mini-layoff..... great for the bottom-line, but bad for employee morale.
The equipment makers (who lead the semiconductor cycle) are indicating that a significant downturn is imminent..... I concur.
Bapcha
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