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Technology Stocks : SanDisk Corporation (SNDK)
SNDK 60.29-0.4%Jul 31 8:10 PM EDTNews

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To: Art Bechhoefer who wrote (52211)2/10/2012 2:48:11 AM
From: growthstocks1 Recommendation  Read Replies (1) of 59308
 
"Yen vs. dollar currency issue. It's highly overrated, in my view". Art, are you aware that this has nothing at all to do with the manufacturing process but rather entirely on the price paid for wafers in the dollar/yen exchange rate? The bottom line is that this IS AND HAS BEEN the sole reason why they don't have 46-47% product gross margins today. The cost of wafers has killed SNDK's margins due to the strong yen and the CFO said they lost 8% points on product gross margins over the last five quarters. Labor costs have 0 to do with what is going on! Wow! I can't believe I'm even having to explain this.
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