Company Profile For SanDisk Corporation

SanDisk Corporation (SanDisk) is engaged in designing, developing and manufacturing products and solutions in a range of form factors using the flash memory, controller and firmware technologies. The card products are used in a range of consumer electronics devices, such as mobile phones, digital cameras, gaming devices and laptop computers. The Company also provide high-speed and high-capacity storage solutions, known as solid-state drives (SSDs) that can be used in lieu of hard disk drives in a range of computing devices, including personal computers and enterprise servers. The Company also produce universal serial bus (USB) drives, and moving picture experts group layer-3 audio (MP3) players, as well as embedded flash storage products that are used in a range of systems for the enterprise, industrial, military and other markets. In June 2008, the Company completed the acquisition of MusicGremlin.

BRIEF: For the nine months ended 27 September 2009, SanDisk Corporation's revenues decreased 7% to $2.33B. Net income totaled $75.8M vs. a loss of $228.7M. Revenues reflect lower income from product revenue and decreased license & royalty income. Net income reflects a decrease in cost of product revenues, an increase in gross profit, lower research & development expense and reduction in sales & marketing expense.