It’s the first big earnings day in tech world, and the market is already separating the winners from the losers.
As discussed last week, the company is benefiting from growing demand for corporate cloud storage data centers. And unlike some of the more commodity aspects of the memory business, Sandisk’s proprietary technology helps win sales. Of course, selling commodity goods can work out too, and Sandisk also got help from rising memory prices in the quarter.
Bigger names didn’t fare as well. Intel (INTC) and eBay (EBAY) projected slow or no revenue growth for the rest of the year. As mentioned last week, emerging markets are decreasing IT spending dramatically, as are many big corporations. The strong dollar also reduces the value of sales abroad. And, obviously, when the PC market suffers, Intel gets hitRead More »from Tech Wrap: IBM, Sandisk Please Investors; Intel, eBay Drop Back