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BUSINESS
January 29, 2008 | From Times Wire Services
SanDisk Corp., the biggest maker of digital-camera memory chips, reported a fourth-quarter profit of $105.8 million on higher demand for its mobile-phone products. Net income was 45 cents a share, compared with a loss of $35.1 million, or 17 cents, a year earlier. Quarterly sales rose 7.1% to $1.25 billion. SanDisk, based in Milpitas, Calif., sold a record 51 million cellphone chips, which let people store photos and music on handsets. But its forecast that sales in the current quarter would rise as much as $875 million disappointed Wall Street analysts, who were expecting, on average, $989.
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BUSINESS
February 3, 2009 | Times Wire Reports
SanDisk Corp., a maker of memory cards for digital cameras, reported a loss after posting shrinking sales and writing down the value of the business. The fourth-quarter net loss was $1.86 billion, or $8.25 a share, compared with a profit of $105.8 million, or 45 cents, in the same period a year earlier, the Milpitas, Calif., company said. Sales fell to $742.1 million.
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BUSINESS
February 17, 2007 | From Reuters
SanDisk Corp. of Milpitas, Calif., said it would cut 10% of its workforce and trim executive salaries to compensate for a collapse in memory chip prices. It was the second recent warning about oversupply in the volatile memory chip industry. Micron Technology Inc. said last week that prices for memory chips used in consumer electronics would drop 30% to 40% this quarter.
BUSINESS
December 4, 2008 | bloomberg news
Shares of SanDisk Corp., the world's largest maker of memory cards used in digital cameras, jumped the most in more than two months on speculation that Toshiba Corp. would offer to buy it -- even though Toshiba denied it had such plans. Stock in the Milpitas, Calif., company rose $1.81, or 25%, to $9.02, the most since Sept. 17. The company's shares have lost 73% of their value this year.
BUSINESS
February 3, 2009 | Times Wire Reports
SanDisk Corp., a maker of memory cards for digital cameras, reported a loss after posting shrinking sales and writing down the value of the business. The fourth-quarter net loss was $1.86 billion, or $8.25 a share, compared with a profit of $105.8 million, or 45 cents, in the same period a year earlier, the Milpitas, Calif., company said. Sales fell to $742.1 million.
BUSINESS
September 17, 2004 | From Bloomberg News
Toshiba Corp. and SanDisk Corp. created a joint venture and will spend $2.5 billion to build a semiconductor plant in Japan to meet demand for wireless phones with cameras, music players and other features. San Jose-based SanDisk and Tokyo-based Toshiba agreed to form Flash Partners Ltd., according to a regulatory filing. The plant in Yokkaichi is expected to begin production of 300-millimeter chips by the end of 2005. Toshiba and SanDisk each will get half of the chips made at the plant.
BUSINESS
December 31, 1996
SanDisk Corp. said it expects its fourth-quarter revenue to be unchanged from the previous quarter, when the company had $26 million in sales. The company, which makes audio and image storage products, said several of its customers cut back on orders. While revenue from products fell, the company anticipates that revenue from licensing and royalty agreements will result in an increase in earnings and operating income, Chief Financial Officer Cindy Burgdorf said.
BUSINESS
October 23, 2007 | From Reuters
SanDisk Corp. introduced Monday a service for downloading free and advertising-supported video from the Internet, which could compete with Apple Inc.'s iTunes. Milpitas, Calif.-based SanDisk said its new system, called Fanfare, served as a companion to the Sansa TakeTV PC-to-TV Video Player, a pocket-sized device it also introduced Monday. The media player lets users save videos downloaded onto a personal computer and move them to a traditional television.
BUSINESS
December 4, 2008 | bloomberg news
Shares of SanDisk Corp., the world's largest maker of memory cards used in digital cameras, jumped the most in more than two months on speculation that Toshiba Corp. would offer to buy it -- even though Toshiba denied it had such plans. Stock in the Milpitas, Calif., company rose $1.81, or 25%, to $9.02, the most since Sept. 17. The company's shares have lost 73% of their value this year.
BUSINESS
November 17, 2003 | From Associated Press
A settlement has been reached between SanDisk Corp. and a Taiwanese law firm whose employee allegedly embezzled $83.3 million from the California high-tech company before disappearing last month, SanDisk said. The theft involved the unauthorized sale of 127.8 million shares owned by SanDisk that were under the control of the law firm Lee & Li. Lee & Li has given SanDisk a cash payment of $20 million, the company said in a statement issued Saturday night from its headquarters in Sunnyvale.
BUSINESS
January 29, 2008 | From Times Wire Services
SanDisk Corp., the biggest maker of digital-camera memory chips, reported a fourth-quarter profit of $105.8 million on higher demand for its mobile-phone products. Net income was 45 cents a share, compared with a loss of $35.1 million, or 17 cents, a year earlier. Quarterly sales rose 7.1% to $1.25 billion. SanDisk, based in Milpitas, Calif., sold a record 51 million cellphone chips, which let people store photos and music on handsets. But its forecast that sales in the current quarter would rise as much as $875 million disappointed Wall Street analysts, who were expecting, on average, $989.
BUSINESS
October 23, 2007 | From Reuters
SanDisk Corp. introduced Monday a service for downloading free and advertising-supported video from the Internet, which could compete with Apple Inc.'s iTunes. Milpitas, Calif.-based SanDisk said its new system, called Fanfare, served as a companion to the Sansa TakeTV PC-to-TV Video Player, a pocket-sized device it also introduced Monday. The media player lets users save videos downloaded onto a personal computer and move them to a traditional television.
BUSINESS
April 10, 2007 | From the Associated Press
Flash memory maker SanDisk Corp. said Monday that it would pair its new wireless music player with music services from Yahoo Inc., but analysts doubt the new gadget will be able to steal much share from Apple Inc.'s dominant iPod. Users of the Sansa Connect device will be able to use a Wi-Fi connection to listen to LAUNCHcast Internet radio, browse Flickr photos and see what Yahoo Messenger friends and other Sansa Connect owners nearby are listening to.
BUSINESS
February 17, 2007 | From Reuters
SanDisk Corp. of Milpitas, Calif., said it would cut 10% of its workforce and trim executive salaries to compensate for a collapse in memory chip prices. It was the second recent warning about oversupply in the volatile memory chip industry. Micron Technology Inc. said last week that prices for memory chips used in consumer electronics would drop 30% to 40% this quarter.
BUSINESS
September 17, 2004 | From Bloomberg News
Toshiba Corp. and SanDisk Corp. created a joint venture and will spend $2.5 billion to build a semiconductor plant in Japan to meet demand for wireless phones with cameras, music players and other features. San Jose-based SanDisk and Tokyo-based Toshiba agreed to form Flash Partners Ltd., according to a regulatory filing. The plant in Yokkaichi is expected to begin production of 300-millimeter chips by the end of 2005. Toshiba and SanDisk each will get half of the chips made at the plant.
BUSINESS
November 17, 2003 | From Associated Press
A settlement has been reached between SanDisk Corp. and a Taiwanese law firm whose employee allegedly embezzled $83.3 million from the California high-tech company before disappearing last month, SanDisk said. The theft involved the unauthorized sale of 127.8 million shares owned by SanDisk that were under the control of the law firm Lee & Li. Lee & Li has given SanDisk a cash payment of $20 million, the company said in a statement issued Saturday night from its headquarters in Sunnyvale.
BUSINESS
April 10, 2007 | From the Associated Press
Flash memory maker SanDisk Corp. said Monday that it would pair its new wireless music player with music services from Yahoo Inc., but analysts doubt the new gadget will be able to steal much share from Apple Inc.'s dominant iPod. Users of the Sansa Connect device will be able to use a Wi-Fi connection to listen to LAUNCHcast Internet radio, browse Flickr photos and see what Yahoo Messenger friends and other Sansa Connect owners nearby are listening to.
BUSINESS
September 17, 2008 | From Times Wire Services
Samsung Electronics Co. made a $5.85-billion hostile bid for SanDisk Corp. of Milpitas, Calif., in what would be the South Korean company's biggest acquisition. Samsung offered $26 in cash for each SanDisk share, or 73% more than the memory-card maker's latest closing price. SanDisk's board rejected the offer.
BUSINESS
December 31, 1996
SanDisk Corp. said it expects its fourth-quarter revenue to be unchanged from the previous quarter, when the company had $26 million in sales. The company, which makes audio and image storage products, said several of its customers cut back on orders. While revenue from products fell, the company anticipates that revenue from licensing and royalty agreements will result in an increase in earnings and operating income, Chief Financial Officer Cindy Burgdorf said.
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