Reuters: Technology News: SanDisk sees weak demand, pricing hurting rev, margins

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SanDisk sees weak demand, pricing hurting rev, margins Apr 3rd 2012, 22:39 Tue Apr 3, 2012 5:22pm EDT (Reuters) - Flash memory supplier SanDisk Corp cut its first-quarter revenue outlook, citing weaker-than-expected demand and lower pricing, sending its shares down 7 percent in after-market trading. The company expects first-quarter revenue of $1.2 billion, down from prior forecast of $1.30 billion to $1.35 billion.

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