How is Murphy's comments much different from the one below? The fundamentals have not improved for Sandisk, the NAND oversupply situation still exists, The negative gross profit will be happening each coming quarter, Eli is not going to sell unless he is offered $54/share and the max Samsung would offer will be less than $26 (that's the way Samsung CEO put it).
The news is 100% correct. I was in this industry for one year and know this industry very well. When I was kicked out by the greedy president of one small company in Taiwan, I know that Samsung is going to have problem because of Sandisk' IP.
ROTFLMAO!!!!!!!!!!!! I challage that as.shole in a second, he was buying at $80 saying the same thing, what he doesn't take into account is that SanDisk has burned $2billion in cash, and is on the hook for $5billion in plants in earthquake prone Japan during the glut of all gluts, and the money is coming due! This stock is the Lehman of tech!