Key Developments For SanDisk Corporation
SanDisk Corporation (SNDK.O) (Nasdaq)
SanDisk Corporation's Modular Solid State Drive Adopted By Sony`s Ultra-Thin VAIO X Laptop
SanDisk Corporation announced that the 64-gigabyte (GB)1 SanDisk pSSD Gen2 solid state drive was selected by Sony as the SSD of choice for its new VAIO X ultra-thin laptop.
Silicon Motion Technology Corporation's Flash Memory Products Do Not Infringe On SanDisk Corporation Patents
Silicon Motion Technology Corporation announced that it was informed on October 23, 2009, that the United States International Trade Commission (US ITC) had issued its final determination that the company's flash memory controllers and products containing these controllers do not infringe upon SanDisk Corporation's patents as previously alleged by SanDisk. The US ITC's final determination upholds an earlier determination by the administrative law judge in April 2009, that the company's controllers and products containing them do not infringe SanDisk's patents.
SanDisk Corporation Issues Q4 2009 Revenue Outlook Above Analysts' Estimates-Conference Call
SanDisk Corporation announced that for the fourth quarter of 2009, it expects total revenue of between $1.1 and $1.2 billion, which includes license and royalty revenue between $100 and $110 million. The fourth quarter of 2009 will be a 14 week quarter so there will be one extra week of revenue. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $841 million for the same period.
SanDisk Corporation Introduces New Line Of SanDisk Extreme Pro CompactFlash Memory Cards
SanDisk Corporation announced that it has introduced a new line of SanDisk Extreme Pro CompactFlash memory cards for professional photographers. SanDisk Extreme Pro CompactFlash cards feature a new SanDisk Power Core Controller, an memory controller that enables lightning-fast read and write speeds of up to 90MB/s1, doubling the performance from previous SanDisk high-end camera memory cards. The cards are shipping worldwide now with storage capacities ranging from 16 gigabytes (GB)2 to 64GB.
Samsung Electronics Co., Ltd. Drops SanDisk Corporation Deal-Reuters
Reuters reported that Samsung Electronics Co., Ltd. stated that it had no intention of pursuing an acquisition of SanDisk Corporation in the future, confirming that the $5.9 billion deal was dropped definitely. the Company last year spurned an unsolicited buyout offer from Samsung for $26 per share, saying it undervalued the Company. Samsung dropped its bid in October, citing the Company's deepening losses and uncertain outlook.
