SanDisk Corp
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Plans to take Dell private by leveraging the PC maker's balance sheet are ill-timed, Cramer said.
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SAN FRANCISCO, April 17- 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.
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*Tech weakness weighs, Apple shares briefly below $400. NEW YORK, April 17- U.S. stocks fell in a broad market selloff Wednesday, led by a sharp drop in Apple shares on worries about slowing demand for its products and weaker-than-expected results from Bank of America that battered the financial sector.
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Stocks closed sharply lower across the board Wednesday, with all key S&P sectors in the red, following a batch of weaker-than-expected earnings and as commodities resumed their selloff amid ongoing worries over global growth.
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SAN FRANCISCO, April 17- U.S. memory chipmaker SanDisk on Wednesday posted quarterly results above expectations, helped by growing sales of solid-state drives. SanDisk's revenue rose 11 percent year-over-year to $1.34 billion in the January-March quarter.
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Check out which companies are making headlines after the bell Wednesday:
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April 17- Memory chipmaker SanDisk on Wednesday posted first-quarter revenue of $1.34 billion on net income of $166 million, or 68 cents a share, helped by growing sales of solid-state drives.
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*Cirrus Logic outlook fans worry on Apple's product demand. Apple, whose shares dropped below $400 briefly before bouncing back to stand 5.5 percent lower at about $403, have lost more than 40 percent of its market value since its record high last September, battered by worries about intensifying competition and the effect on Apple's industry-leading margins.
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Vijay Rakesh, managing director and technology analyst at Sterne Agee, discusses Intel, its exposure to PC and its strategy towards the mobile market.
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*Bank of America falls after earnings. Bank of America Corp declined 4 percent to $11.79 as the worst performer on the Dow after it reported a lower-than-expected first-quarter profit and revenue fell.
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*Bank of America falls after earnings. Yahoo Inc shed 1.8 percent to $23.36 in premarket trade after the Internet company's first quarter revenue fell shy of expectations as declining traffic to its Web properties and falling display advertising sales continue to weigh on the company.
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U.S. stock index futures were lower Wednesday, pressured by some weaker-than-expected earnings and amid worries over global growth.
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*Bank of America falls after earnings. NEW YORK, April 17- U.S. stock index futures fell on Wednesday, indicating the S&P 500 will retreat from its second-best daily performance of the year as commodities fell and after earnings reports from Yahoo and Intel.
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*Bank of America falls after earnings. NEW YORK, April 17- U.S. stock index futures fell on Wednesday, indicating the S&P 500 will retreat from its second-best daily performance of the year as commodities fell and after earnings reports from Yahoo and Intel.
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*Tech weakness weighs on Nasdaq; Apple drops 4 pct. NEW YORK, April 17- U.S. stocks dropped 1 percent in a broad decline on Wednesday, with materials and energy shares leading the way lower as commodity prices dropped, while a selloff in Apple shares pressured the Nasdaq.
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*Bank of America tumbles after earnings miss forecasts. *Tech weakness weighs on Nasdaq; Apple drops 4 pct. NEW YORK, April 17- U.S. stocks dropped 1 percent in a broad decline on Wednesday, with materials and energy shares leading the way lower as commodity prices dropped, while a selloff in technology stocks pressured the Nasdaq index.
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Earnings season kicks into high gear in the week ahead. Plus, at least 10 Fed speeches. How risk-averse are investors? Oh, this is going to put them to the test. Rest up.
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Major tech stocks slumped on Thursday after an industry report showed that personal computer shipments had fallen significantly in the first quarter.
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Unloved technology stocks are set to soar, Fort Pitt Capital's Kim Forrest says.
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