SanDisk Tumbles as Lower Prices Hurt Sales: San Francisco Mover
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SanDisk Corp. dropped the most in almost 21 months after the biggest maker of flash-memory cards gave a sales forecast that fell short of estimates, citing lower prices for chips that store data in mobile phones.
SanDisk fell 10 percent to $46.95 at 9:32 a.m. New York time, for the biggest intraday decline since May 7, 2010. The stock fell 1.3 percent last year.