Maybe you can blame the less robust economic data or maybe you can still try to claim that no more QE from Ben Bernanke and friends is the reason. SanDisk Corporation (NASDAQ: SNDK) is down 8.7% at $45.68 against a 52-week range of $32.24 to $53.46. With a close of $50.05 yesterday, the fears were not very evident in the share price that weak pricing and demand were both there in flash memory. The price action in the Apple component supplier list below is uniform:
Advanced Micro Devices Inc. (NYSE: AMD) is down 3% at $7.74.
Analog Devices, Inc. (NASDAQ: ADI) is down 1.8% at $38.39.
Broadcom Corp. (NASDAQ: BRCM) is down 2.5% at $37.21.
Cypress Semiconductor Corp. (NASDAQ: CY) is down 2.2% at $14.70.
Fairchild Semiconductor International Inc. (NYSE: FCS) is down 3.2% at $14.10.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is down 2.2% at $15.31.
Micron Technology, Inc. (NASDAQ: MU) is down 5.7% at $7.54.
LSI Corporation (NYSE: LSI) is down 3.4% at $8.48.
ON Semiconductor Corp. (NASDAQ: ONNN) is down 2.8% at $8.47.
Qualcomm Inc. (NASDAQ: QCOM) is down 1.4% at $67.20.
Skyworks Solutions Inc. (NASDAQ: SWKS) is down 4.5% at $26.29.
TriQuint Semiconductor Inc. (NASDAQ: TQNT) is down 3.5% at $6.32.
Apple Inc. (NASDAQ: AAPL) is down only 1.2% at $721.75 but investors have been used to it rising just about every day as analysts take their consensus price targets higher and higher. The news from SanDisk was bad, but at least the spillover and run-off is not bleeding some of the larger players in the Apple and technology ecosphere too bad.
JON C. OGG
Contact [email protected] for any questions or corrections.
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