(SNDK) SanDisk Corporation – Beat Earnings by 25.6% in the Second Quarter

SanDisk Corporation (SNDK) keeps defying skeptics expecting a tech slowdown as it once again surprised on the Zacks Consensus Estimate for the fourth quarter in a row. SanDisk manufactures flash memory cards for mobile phones, digital cameras and camcorders, embedded memory for mobile devices, and USB flash drives for consumers and enterprises. On July 22, the company announced that its founder and CEO Eli Harari would retire on Dec 31, 2010 and will be an advisor to the company for two years after the retirement. The announcement seemed to cause a ripple amongst investors, but the current President and COO, Sanjay Mehrotra, who was also a co-founder along with Harari, will be stepping in which seems to ensure a smooth transition. SanDisk Beat By 25.6% in the Second Quarter On