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SanDisk Cuts First-Quarter Revenue Forecast on Lower Prices

SanDisk Corp., which makes data-storage chips for mobile devices, cut its revenue forecast after lower-than-expected sales from business products, delays to product qualification and lower prices.

Revenue will be about $1.3 billion for the three months ending March 29, compared with as much as $1.45 billion previously projected, the Milpitas, California-based company said in a statement Thursday.