Lita sells SNDK 54.15: Apple Inc and Samsung's New Partnership Might Hurt Suppliers
“If that deal occurs, it could deal a major blow to Toshiba, SK Hynix, and SanDisk (NASDAQ:SNDK), the top three suppliers of flash memory chips for the current iPhone 6 models. Toshiba supplies 50% of those chips, SK Hynix handles 30%, and Sandisk provides …” said Nina to Lurline on Thursday, July 9, 2015.
“My dear Miss Lurline,” said Nina, “have you heard that STIC went down to 1283.58?”
“S&P CTI Total Return USD.”
Lurline replied that she had not.
“But it did,” said Nina. “A strong dollar cuts U.S. firmsâ€™ value but makes them look more profitable Return … might total this year, but you can see where the figure could total $500 billion (my estimate, not Ciesielskiâ€™s) for the S&P 500 companies this year. Ciesielski suggests that with stock prices at near-record highs and the dollar …”
Lurline, without a smile, made no answer.