There's no doubt that SanDisk
So how did SanDisk pull off a trick like that?
For starters, SanDisk is big in mobile computing. Mobile customers produced 57% of the company's sales this quarter, through an unspecified mix of tablet and smartphone builders. Tablets known to include SanDisk solid-state drives at least occasionally include the Hewlett-Packard
In fact, the only tablet maker I haven't seen using SanDisk storage is market leader Apple
The company is also dipping its toes into the market for business-class SSD systems with the acquisition of Pliant Technology. This is a new market for SanDisk, and Pliant is now known as SanDisk's Enterprise Storage Solutions division.
As nice as all of this sounds, SanDisk shares haven't exactly set the world on fire recently. The stock has trailed the S&P 500 benchmark over the past year and trades for a measly 8.4 times trailing earnings.
Yet it's a respectable four-star stock (out of five) in Motley Fool CAPS, our free investing community, and fellow Fool Rich Smith is such a believer in this deep value that he's bought some shares. Personally, I'm more partial to the faster revenue growth and wider addressable market of memory-chip generalist Micron Technology
Will this compressed stock make good on its promises in the second half of 2011 or perhaps in 2012? Only time will tell, but you can sniff out early signs of a big move by keeping close tabs on SanDisk news. Just click here to add the stock to your Foolish watchlist, and you'll be well on your way.