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Hewlett-Packard (HPQ) Stock Gains on SanDisk Partnership

NEW YORK (TheStreet) -- Hewlett-Packard Co. (HPQ - Get Report) stock is rising 2.52% to $28.72 in afternoon trading after the company announced a partnership with SanDisk Corp. (SNDK) to collaborate on creating new storage solutions.

SanDisk stock is gaining 3.48% to $63.84 this afternoon.

The partnership between HP's Memristor technology expertise and SanDisk's non-volatile ReRAM memory technology, manufacturing and design expertise will focus on developing next-generation, enterprise memory-driven computing and enhancing data centers with solid state drives.

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HP and SanDisk plan to create technology that is faster than flash storage solutions, and cheaper and more powerful that DRAM technologies.

The new storage solution would also contribute to HP's new computer, The Machine, which is expected to be better performing, with a lower price tag and increased security.

Palo Alto, CA-based HP is a manufacturer of computers, printers and other...


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