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Data storage makers rally on possible Hynix disruption

NEW YORK (Reuters) - Shares of data storage makers Micron Tech and SanDisk Corp rallied on heavy volume on Wednesday, following unconfirmed reports of smoke at a SK Hynix facility in China. Analysts at Sterne Agee wrote that any disruption at the facility would be a positive for Micron and SanDisk. "Any disruptions in an already disciplined supply chain going into peak build period... could firm up DRAM-NAND pricing," the analysts wrote, referring to two types of memory chips.

SanDisk sees brighter 2013 with higher NAND prices

By Noel Randewich SAN FRANCISCO (Reuters) - SanDisk raised its forecast for revenue this year and said it expects higher prices for its NAND memory chips, which are used in smartphones and tablets. Chief Financial Officer Judy Bruner's comments to analysts on a quarterly conference call on Wednesday helped reverse losses in SanDisk's stock after the company posted quarterly results that disappointed some on Wall Street, despite beating estimates.
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