Key Developments: SanDisk Corp (SNDK.OQ)

SNDK.OQ on NASDAQ Stock Exchange Global Select Market

22 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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 Corp gives Q1, FY 2014 revenue guidance above analysts' estimates - Conference Call
Wednesday, 22 Jan 2014 10:00am EST 

Sandisk Corp:Sees FY 2014 revenues to be $6.400 bln - $6.800 bln and Q1 2014 revenues to be $1.450 bln - $1.525 bln.FY 2014 revenues of $5.77 billion - Thomson Reuters I/B/E/S Estimates.Q1 2014 revenues of $1.24 billion - Thomson Reuters I/B/E/S Estimates.  Full Article

Sandisk Corp and Avnet Inc Partner to deliver commercial flash storage solutions worldwide
Thursday, 19 Dec 2013 09:00am EST 

Sandisk Corp and Avnet Inc:Says that Avnet will offer a wide portfolio of flash-based hardware and software solutions from SanDisk to its customers.Says the offer will be throughout North America, Europe, the Middle East and Africa, Asia Pacific and Latin America.Says the offer will made through its Avnet Electronics Marketing and Avnet Technology Solutions operating groups.Says worldwide distribution agreement enables SanDisk to leverage Avnet`s global scale, scope and solutions distribution model.  Full Article

Sandisk Corp Completes Private Offering Of $1.5 Billion Convertible Senior Notes - Form 8-K
Tuesday, 29 Oct 2013 04:25pm EDT 

Sandisk Corp reported in its Form 8-K that on October 29, 2013, SanDisk Corporation completed the private offering of $1.5 billion aggregate principal amount of its 0.50% Convertible Senior Notes due 2020. The $1.5 billion aggregate principal amount of notes includes notes issued in connection with the full exercise on October 24, 2013 by the initial purchaser for the notes offering of its option to purchase up to $200.0 million principal amount of notes to cover over-allotments. The net proceeds from this offering were approximately $1.48 billion, after deducting the initial purchaser’s discounts and estimated offering expenses. As of October 29, 2013, in connection with the issuance of the notes, the Registrant entered into an Indenture with respect to the notes with The Bank of New York Mellon Trust Company, N.A., as Trustee. Under the Indenture, the notes will be senior unsecured obligations of the Registrant and will pay interest semiannually at a rate of 0.50% per annum. The notes will be convertible at an initial conversion rate of 10.8470 shares of the Registrant’s common stock per $1,000 principal amount of notes. The initial conversion price represents a premium of approximately 35% to the $68.29 per share closing price of the Registrant’s common stock on October 23, 2013. The notes will be convertible beginning on July 15, 2020, or earlier upon the occurrence of certain events.  Full Article

Sandisk Corp Announces Pricing of $1.3 Billion of Convertible Senior Notes
Thursday, 24 Oct 2013 08:00am EDT 

SanDisk Corporation announced the pricing of $1.3 billion principal amount of Convertible Senior Notes due in 2020. The size of the offering of the notes was increased from the previously announced aggregate principal amount of $1.0 billion. The sale of the notes is expected to close on October 29, 2013. The Company estimates that the net proceeds from the offering will be approximately $1.28 billion, or approximately $1.48 billion if the initial purchaser exercises its over-allotment option in full, after deducting discounts and estimated offering expenses. The Company intends to use a portion of the net proceeds of the offering to fund the cost of privately negotiated convertible note hedge transactions, which will serve to increase the effective conversion price of the notes. In addition, the Company intends to use a portion of the net proceeds to repurchase shares of its common stock from purchasers of the notes in privately negotiated transactions, each as described below. The remaining net proceeds are expected to be used for: the repayment at maturity, or repurchase from time to time, of a portion or all of the Company's currently outstanding indebtedness; potential strategic investments or acquisitions; the repurchase, from time to time, of shares of the Company's common stock pursuant to the Company's existing stock repurchase programs; and other general corporate purposes, including capital expenditures related to manufacturing and technology.  Full Article


Chipmaker SanDisk forecasts lower revenue

- Chipmaker SanDisk Corp forecasts current-quarter revenue below analysts' estimates due to supply constraints.

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