SanDisk: Overloaded with NAND Chips Stocks

It is a difficult period for NAND flash manufacturers. Following biased predictions/expectations, they have production capacity way to large compared to the current demand for such products, As a consequence, prices keeps going down while stocks are getting larger every day.
SanDisk is currently trying to sell not the NAND chips, but wafers on which the chips are engraved but not cut and packaged yet. Indeed, the post-production is the expensive part, and SanDisk is trying to sell part of its production to avoid having to stock up finished product while waiting for the price to increase again.
Unfortunately, companies interested in such NAND flash chips have either there own stocks already, or are in position to define the price for such chips, bringing the value of NAND chips further down. this could also explain why SanDisk might be acquired by Samsung.