SanDisk said it is still "open" to a Samsung buyout offer and hinted at more restructuring to come, as the largest supplier of retail flash memory cards reported a third-quarter 2008 net loss of $155 million on Monday.
The loss was significantly worse than the net income of $85 million reported in the third quarter of 2007. SanDisk and other flash memory chip suppliers have been hit by a steep price decline in flash.
Operating loss, on a GAAP basis, was $250 million, compared to GAAP operating income of $109 million, in the third quarter of 2007.
The … Read more