Sandisk Q4:2007 Results

Welp, so much for that. Numbers come in better on bottom line driven by strong product gross margins -- 29.7 vs ests of ~28ish. They did miss consensus revenues by a meager 20mm but I wouldn't make a big deal out of that with the stock down like this.

Sandisk is a channel fill company -- they sell to retailers, not consumers -- so wait for the guidance.

This comment gives me some pause:

"Despite current uncertainties in the worldwide economy and a
challenging industry pricing environment in the first quarter, we
expect to grow our top and bottom line in 2008, driven by continuing
strength in our mobile markets, our expanding international retail
footprint and our competitive cost structure."

... they'd better grow in 2008. Estimates are looking for a 23% increase in sales over this year.

Stock initially jammed higher but is now back to its closing price.