The bad times at SanDisk never looked so good(0)
The last few months have been rough on tech stocks. And as such, SanDisk (ticker:SNDK) is hardly alone in watching its stock price get cut in half:
It was a particularly challenging year for the flash memory company, which instituted a temporary salary reduction from March 2007 to August for its executive officers, ranging from 15 percent to 20 percent. The cut was part of an overall cost reduction program to help the company remain competitive as the price of flash memory continues to dip.
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