This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SanDisk CEO Talks Stock Surge, Outlook

Stocks in this article: SNDK AAPL EMC IBM

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

NEW YORK ( TheStreet) -- 3D Memory Chips, mobile Internet and the enterprise are all looming on the horizon for storage maker SanDisk (SNDK), which provides Flash memory hardware for companies like Apple (AAPL) and Motorola (MOT).

Eli Harari, the company's outgoing CEO, told reporters about the firm's roadmap after ringing the Nasdaq opening bell to celebrate SanDisk's 15th anniversary on Monday. The SanDisk co-founder will retire at the end of this year, handing the company's reins to Sanjay Mehrotra, who is currently COO.

San Disk

"We're developing 3D Memory technology and we expect that, over the next decade, this post-NAND Flash will come into production," he said. Harari explained that 3D Memory is a cheaper, faster version of Flash that will co-exist with traditional NAND Flash.

Harari is also eyeing growth opportunities in emerging markets. " The mobile Internet is bringing storage everywhere," he said, citing the Indian government's efforts to develop a $35 tablet for students, which contains two gigabytes of Flash. "Flash enables a new class of tablets -- in India it's a democratization of education, allowing kids everywhere to be connected to the Internet."

The Milpitas, Calif.-based SanDisk is the world's largest supplier of Flash to consumers, although Harari said that the company is also planning a major push into the corporate sector. "Enterprise requires different types of architecture, and we will be in that area," he said. "Our initial focus is on the much larger market, which is netbooks, notebooks and tablets, but we intend to be in the enterprise market."

The company's recent efforts around solid state disk (SSD), a more efficient form of data storage, could help pave the way into the enterprise. Some of tech's biggest hitters, such as EMC (EMC) and IBM (IBM), have already thrown their weight behind SSD, touting the technology as a way for companies to boost their storage performance.

"Our 800-pound gorilla is mobile handsets and tablets," said Harari. " But the second-largest market for us is SSD -- that's still one to two years from taking off and when it does, we will be ready."

SanDisk, which provides Flash for Apple, has become something of a Wall Street darling and continues to bask in the success of devices such as the iPad. The company's shares have climbed more than 83% in the last 12 months but dipped 3.6% on Tuesday despite strong second-quarter numbers from manufacturing partner Toshiba.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs