Flash memory might rule the roost when it comes to gadget storage – all the sleekest devices from smartphones to the upcoming iPad use it – but it can be tough to make a profit selling the stuff.
No one knows that better than Eli Harari. As founder and CEO of flash memory maker SanDisk (SNDK), he has been through a roller-coaster year.
Late 2008 was the worst of times. In a race for market share, SanDisk and its rivals flooded the market with flash chips. That, combined with weak consumer demand from a global recession, sank prices and drove everybody into the red. "We had a period of irrational exuberance," Harari says, borrowing a dot-com-era phrase. More
The state of the state? "A train wreck," says one official.
If the world's eighth-largest economy were a member of the proper religious order, it'd be time to call in a priest to administer last rites.
Name almost any serious malady and the state of California has it: the nation's highest marginal tax rate coupled with an abysmal public education system; the most home foreclosures; a free-falling commercial real estate sector; lame-duck MOREJeffrey M. O'Brien - Oct 21, 2009 8:19 AM ET
When Apple announced Tuesday that it was finally lifting the so-called digital rights management (DRM) restrictions that iTunes music customers found so onerous, it left one thing out: the cost of doing so -- in money and, as we learned overnight, time.
"We are thrilled to be able to offer our iTunes customers DRM-free iTunes Plus songs in high quality audio," said Steve Jobs in a press release.
"It's really easy," said MOREPhilip Elmer-DeWitt - Jan 7, 2009 11:21 AM ET
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