The acquisition of SanDisk will allow Western Digital to branch out into the solid-state drive business, CEO Stephen Milligan says.» Read More
Oct 19- Hard disk drive maker Western Digital Corp is in advanced talks to acquire memory chipmaker SanDisk Corp, people familiar with the matter said on Monday, as a frenzy of dealmaking in the semiconductor sector continued. Western Digital has so far prevailed over other suitors for SanDisk, which has a market capitalization of $14.6 billion, the people said.
Oct 19- Memory chipmaker SanDisk Corp is in advanced talks to sell itself to hard disk drive maker Western Digital Corp, Bloomberg reported on Monday. Shares of SanDisk, which has a market capital of about $14.30 billion, rose 8.4 percent in extended trading on Monday. Bloomberg reported on Oct. 13 that besides Western Digital, Micron Technology Inc was also in...
Check out the companies making headlines after the bell Monday: IBM, Sandisk, Rambus & more.
Oct 19- Memory chipmaker SanDisk Corp is in advanced talks to sell itself to hard disk drive maker Western Digital Corp, Bloomberg reported on Monday.
So far the earnings season has been lackluster, and some high-profile warnings have already given investors pause.
Over the last 12 months, there has been a spike of M&A deals in the semiconductor industry. Now investors want to know: Who's the next target?
U.S. stocks closed lower as investors digested earnings reports and weighed weaker-than-expected data.
Oct 14- Toshiba, SanDisk's partner in making memory chips, is more likely to sign off on a potential takeover of SanDisk by hard drive maker Western Digital than by rival memory chip maker Micron, analysts said. Micron Technology Inc and Western Digital Corp are in talks with SanDisk Corp about a possible acquisition, Bloomberg reported on Tuesday.
*JPMorgan falls, Bank of America rises after results. Weak economic data from the United States and China added to worries about the health of the global economy even as investors' focus shifted to company results. "The major theme, not only today but through the balance of the earnings season, is going to be the revisions to fourth quarter and 2016 earnings," said Bill...
*JPMorgan falls, Bank of America rises after results. JPMorgan shares fell 1.6 percent to $60.54 and were the biggest drag on the Dow Jones industrial average, a day after the bank reported third-quarter results that fell short of estimates. Bank of America rose 2 percent to $15.83 after the bank reported a profit, compared with a year-earlier loss.
*JPMorgan falls, Bank of America rises after results. Oct 14- Wall Street looked set to open little changed on Wednesday as investors assessed earnings from JPMorgan and Bank of America and data showed U.S. retail sales barely rose in September. JPMorgan shares fell 1.7 percent to $60.5 premarket, a day after the bank reported third-quarter results below...
Some of the names on the move ahead of the open.
Oct 14- U.S. stock index futures fell slightly on Wednesday as fresh economic data from China caused a selloff in commodities and investors awaited a raft of earnings reports. *Consumer inflation in China rose 1.6 percent in September, less than the 1.8 percent expected, feeding worries of sluggish demand from the world's second largest economy.
Micron and Western Digital have expressed interested in acquiring the flash memory storage company, according to one report.
Check out the companies making headlines after the bell Tuesday: SanDisk, Intel, JPMorgan & more.
Oct 13- Micron Technology Inc and Western Digital Corp are in talks with SanDisk Corp about a possible acquisition, Bloomberg reported. SanDisk has hired a bank to explore a potential sale, Bloomberg reported, citing sources familiar with the matter. Several companies would view SanDisk as a strategic asset, Nomura analyst Romit Shah said last week, adding he...
Oct 13- Micron Technology Inc and Western Digital Corp are in talks with chipmaker Sandisk Corp about a possible acquisition, Bloomberg reported. Sandisk has hired a bank to explore a potential sale, Bloomberg reported, citing sources familiar with the matter. SanDisk, Western Digital and Micron did not immediately respond to requests seeking comment.
CNBC Pro highlights the top-performing stocks this week and analyzes whether the good times will continue.
Oct 1- Memory chipmaker Micron Technology Inc reported quarterly revenue and profit above estimates, sending its shares up 3.8 percent in after-hours trading. Micron is being pursued by China's state-backed Tsinghua Unigroup Ltd, according to reports. Tsinghua, whose unit bought a 15 percent stake in Western Digital Corp for $3.8 billion on Wednesday, has...
Joseph Moore of Morgan Stanley upgraded SanDisk to "overweight" from "equal-weight" Thursday morning in a note sent to clients.