Reuters: Technology News: SanDisk first-quarter profit falls

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SanDisk first-quarter profit falls Apr 19th 2012, 20:21 Thu Apr 19, 2012 4:21pm EDT (Reuters) - Flash memory-maker SanDisk Corp posted a lower quarterly profit, hurt by falling prices for its products. Net income for the quarter was $114 million, or 46 cents per share, compared with $224 million, or 92 cents a share, last year. Revenue fell 7 percent to $1.21 billion. SanDisk shares closed at $40.47 on Thursday on the Nasdaq.

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