Key Developments: SanDisk Corp (SNDK.OQ)

SNDK.OQ on NASDAQ Stock Exchange Global Select Market

11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

SanDisk Corp Partners with GigaSpaces
Tuesday, 24 Jun 2014 08:00am EDT 

SanDisk Corp and GigaSpaces Technologies:Have partnered to deliver scalability and performance to Real-Time Analytics and In-Memory Computing Applications.Both have strategic partnership to deliver a new solution that enables customers to obtain the full performance, scalability and cost benefits of flash storage.  Full Article

SanDisk Corp signs definitive agreement to acquire Fusion-io
Monday, 16 Jun 2014 07:47am EDT 

SanDisk Corp:Definitive agreement to acquire Fusion-io.Acquisition will be an all-cash transaction valued at about $1.1 bln, net of cash assumed.Goldman, Sachs & Co. acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SanDisk.Qatalyst Partners acted as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Fusion-io.  Full Article

Toshiba Corp to replace Fab 2 at Yokkaichi Japan alongwith SanDisk Corp
Tuesday, 13 May 2014 11:49pm EDT 

Toshiba Corp:Says it will demolish the No. 2 semiconductor fabrication facility (Fab 2) at Yokkaichi Operations, the company's NAND Flash memory plant in Mie prefecture, Japan, replace it with a new fab on the same site.Toshiba also entered into a non binding memorandum of understanding with SanDisk Corporation to invest jointly in the new facility.The primary purpose of the new wafer fab is to secure space for converting existing Toshiba and SanDisk 2D NAND capacity to 3D NAND beginning in 2016.  Full Article

SanDisk Corp announces plan to raise quarterly cash dividend
Wednesday, 7 May 2014 04:05pm EDT 

SanDisk Corp:Approves 33 pct increase in the company's quarterly dividend payment to $0.30 per share ($1.20 per share on an annual basis).This planned increase will go into effect for dividends declared beginning in the third fiscal quarter of 2014, one year after the dividend program was initiated.Future dividend payments are subject to consideration and declaration by the board.  Full Article

SanDisk Corp gives Q2 2014 revenue outlook in line with analysts' estimates; reaffirms FY 2014 revenue outlook - Conference Call
Wednesday, 16 Apr 2014 05:00pm EDT 

SanDisk Corp:Expects Q2 2014 revenue in the range of $1.550-$1.625 bln.Says FY 2014 revenue forecast remains unchanged at $6.4-$6.8 bln.Q2 2014 revenue of $1.582 bln - Thomson Reuters I/B/E/S.FY 2014 revenue of $6.7 bln - Thomson Reuters I/B/E/S.  Full Article

SanDisk Corp declares second quarter 2014 cash dividend
Wednesday, 16 Apr 2014 04:05pm EDT 

SanDisk Corp:Declared a second quarter 2014 cash dividend of 22.5 cents per share.Payable on May 27 to stockholders of record at the close of business on May 5.  Full Article

SanDisk Corp files lawsuit against SK Hynix for theft of trade secrets
Thursday, 13 Mar 2014 03:21pm EDT 

SanDisk Corp:Filed a civil lawsuit against Korea's SK Hynix, Inc., SK Hynix America and related entities in Santa Clara Superior Court.Says the lawsuit seeks damages, an injunction and other remedies against Hynix for trade secret misappropriation under California's Uniform Trade Secret Act.Says it has submitted a criminal complaint with the Tokyo Metropolitan Police Department against a former employee.  Full Article

Jury awards SanDisk Corp $28.5 mln in IP dispute with PNY Technologies
Tuesday, 11 Mar 2014 09:00am EDT 

SanDisk Corp:Says that a Santa Clara County jury has awarded SanDisk $28.5 million in damages for PNY's breach of its license agreement.Jury found that PNY had failed to pay SanDisk amounts owed for the right to license SanDisk's valuable intellectual property.  Full Article

Acacia Research Corp's subsidiary enters into settlement and patent license agreement with Sandisk Corporation
Friday, 7 Feb 2014 06:00am EST 

Acacia Research Corp:Says its Chip Packaging Solutions LLC subsidiary has entered into a settlement and patent license agreement with Sandisk Corporation.Says the agreement resolves litigation that was pending in the United States District Court for the Central District of California.  Full Article

Sandisk Corp declares first quarter 2014 cash dividend
Wednesday, 22 Jan 2014 04:05pm EST 

Sandisk Corp:Says it has declared a first quarter 2014 cash dividend of $0.225 per share on the company's common stock.Says dividend will be payable on Feb. 24, 2014 to stockholders of record at the close of business on Feb. 3, 2014.  Full Article


SanDisk to buy Fusion-io to boost flash storage business

- SanDisk Corp SNDK.O said on Monday it will buy Fusion-io Inc FIO.N for about $1.1 billion to bolster its fast-growing business of providing flash storage drives to companies.

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