SanDisk Corporation, a global leader in flash storage solutions, today announced the SanDisk Extreme PRO USB 3.0 flash drive, featuring professional-grade performance with some of the fastest speeds in the industry at up to 60 times faster than standard USB 2.0 drives, and providing a generous 128 GB of storage.

"The SanDisk Extreme PRO USB 3.0 drive offers world-class performance for technology aficionados who demand high-speed, durability and peace of mind that their files will be safe," said Philippe Willams, director of product marketing, SanDisk. "We are excited to be expanding our USB 3.0 solutions, and this is another example of our efforts to enable consumers with fast access to content and data."

SanDisk Corporation, a global leader in flash storage solutions, today announced results for the fourth quarter and fiscal year ended December 29, 2013. Fourth quarter revenue of $1.73 billion increased 12 percent on a year-over-year basis and increased 6 percent sequentially. Total revenue for fiscal 2013 of $6.17 billion increased 22 percent from $5.05 billion in fiscal 2012.

On a GAAP basis, fourth quarter net income was $338 million, or $1.45 per diluted share, compared to net income of $214 million, or $0.87 per diluted share, in the fourth quarter of fiscal 2012 and $277 million, or $1.18 per diluted share, in the third quarter of fiscal 2013. Net income for fiscal 2013 was $1.04 billion, or $4.34 per diluted share, compared to $417 million, or $1.70 per diluted share in fiscal 2012.

SanDisk Corporation, a global leader in flash storage solutions, today announced that its ULLtraDIMM Solid State Drive (SSD), the industry's first enterprise-class, ultra-low latency, memory channel storage solution, is now shipping for qualification with select enterprise servers. The addition of flash technology on the DRAM memory channel expands the growing penetration of flash storage technology in enterprise data centers, and complements SanDisk's existing flash-based server hardware and software storage solutions.

The award-winning SanDisk ULLtraDIMM SSD can be integrated into an existing DIMM slot. This ensures ultra-low latency in business applications and results in improved application response times. Additional ULLtraDIMM SSDs can also be added to available DIMM slots, scaling performance and capacity without impacting latency. This creates new opportunities for server system designs to support use cases that require extremely fast storage, such as High-Frequency Trading (HFT), VDI, transaction processing, virtualization and cloud computing.

SanDisk Corporation, a global leader in flash storage solutions, today announced the 64 GB SanDisk Connect Wireless Flash Drive in advance of the 2014 Consumer Electronics Show. The drive extends SanDisk's popular and award-winning line of wireless flash memory storage products, offering users even more wireless memory expansion for their mobile devices. In addition, recently released software updates enhance the performance and functionality of both the SanDisk Connect Wireless Flash Drive and Wireless Media Drive.

The SanDisk Connect line of products is designed to alleviate storage capacity limitations that consumers experience with their mobile devices. Data from the SanDisk Memory Zone memory management app for Android devices, which recently surpassed 1.5 million downloads, indicates 44 percent of users have less than half of their mobile device's internal storage capacity free, and nearly one quarter of users are at more than 80 percent utilization. The data also shows that when memory utilization reaches 80 to 90 percent, users proactively make space available by deleting or removing content.

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced it is helping improve the mobile video storytelling experience by investing in Magisto, creator of the popular video editing app with more than 13 million users on iOS and Android platforms. While pervasive use of mobile devices is enabling the recording of billions of videos annually, most user-generated content is not very engaging. This is largely due to today's lengthy and manual video editing process. Magisto's mobile app solves this problem by enabling amateur videographers to create captivating professional quality movies in just a few clicks, converting average videos into memorable content.

"We believe user-friendly video editing solutions that can create captivating videos represents a major, yet mostly untapped, market opportunity," said Sumit Sadana, executive vice president and chief strategy officer at SanDisk. "With Magisto, video captured on a smartphone of a family's first ski trip can have professional-looking music and graphics automatically added in just a few clicks. This greatly enhances the video's value and viewability, which is why Magisto has become so popular with consumers worldwide. We see video continuing to be a growth driver for flash storage in mobile devices, and SanDisk is pleased to be able to play a role in Magisto's next-stage of growth and evolution."

SanDisk Corporation, a global leader in flash storage solutions, today announced results for the third quarter ended September 29, 2013. Third quarter revenue of $1.63 billion increased 28 percent on a year-over-year basis and increased 10 percent sequentially.

On a GAAP basis, third quarter net income was $277 million, or $1.18 per diluted share, compared to net income of $77 million, or $0.31 per diluted share, in the third quarter of fiscal 2012 and $262 million, or $1.06 per diluted share, in the second quarter of fiscal 2013.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced that the iNAND Extreme embedded flash drive (EFD) has been optimized to provide advanced digital storage in tablets powered by the new 22 nm Intel Atom system-on-a-chip (SoC) introduced by Intel last week. The new enhancements to the iNAND Extreme make it faster, more responsive and highly compatible with the SoC formally known as "Bay Trail."

SanDisk is currently sampling the iNAND Extreme to leading mobile device manufacturers for use in future, cutting-edge Android and Windows 8 tablets featuring high-performance and energy efficient Intel Atom Z3000 processors.

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced that is has appointed D. Scott Mercer to its board of directors. Mr. Mercer brings to SanDisk more than 30 years of experience in the technology industry, in both senior executive and board positions. "We are pleased to welcome such a recognized industry executive to SanDisk's board," said Sanjay Mehrotra, president and chief executive officer, SanDisk. "Scott further deepens and strengthens the leadership capabilities of our board, and brings valuable experience in the storage industry."

Mr. Mercer also currently serves as a Director of Polycom, Inc. and QLogic Corporation. Previously, Mr. Mercer was the Chief Executive Officer, Director and Chairman of the Board of Conexant Systems, Inc., interim Chief Executive Officer and Director at Adaptec, Inc., and served as the Chief Financial Officer of Western Digital Corporation. Mr. Mercer also held senior operating and finance roles at Dell, Inc., LSI Corporation and PricewaterhouseCoopers. Mercer has previously held board positions at Palm, Inc., SMART Modular Technologies (WWH), Inc., Alantec Corporation, NetRatings, Inc., and several private companies. He holds a B.S. in Accounting from California Polytechnic University.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the SanDisk Extreme Pro CFast 2.0 memory card, designed for professional broadcast, cinematography and next-generation professional photography.

The 120 GB SanDisk Extreme Pro CFast 2.0 memory card is the world's fastest memory card, with read speeds of up to 450 MB/s (3000X) for maximum workflow efficiency and write speeds up to 350 MB/s (2333X) for faster recording performance. The SanDisk Extreme Pro CFast 2.0 memory card's industry leading transfer speeds offer up to double the shot speed of today's fastest cards. With the new card, industry professionals are able to manage large files faster than ever. For example, a 100 GB file takes nearly 20 minutes to transfer from CompactFlash at 90 MB/s. With the SanDisk Extreme Pro CFast 2.0 memory card, it takes only four minutes to transfer at 450 MB/s.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the availability of the 256 GB SanDisk Extreme Pro CompactFlash memory card, the world's first high-capacity, high-performance CompactFlash card with the latest Video Performance Guarantee (VPG-65) specification. Also being announced by SanDisk today are faster speeds across all other capacities of the SanDisk Extreme Pro CompactFlash line of memory cards.

"SanDisk has been at the forefront with storage solutions that enable the broader adoption of new video capture technologies. We always design our SanDisk Extreme Pro cards with professional photographers and videographers in mind," said Susan Park, director, mobile and imaging worldwide retail product marketing, SanDisk. "Cinema-quality 4K video capture demands tremendous performance and capacity, which is exactly what we have delivered with the new 256 GB SanDisk Extreme Pro CompactFlash card."

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today commemorates its silver anniversary by ringing The NASDAQ Stock Market Opening Bell. The event is the latest in a series of 2013 activities that mark the transformative impact SanDisk's technologies have had on businesses and consumers over the past quarter century. SanDisk's anniversary celebrations also include the company's 5,000-person workforce volunteering in charitable programs throughout the year in all countries in which SanDisk operates.

From launching the world's first solid state drive (SSD) in 1991 to introducing the industry's multi-level cell (MLC) flash technologies using two bits (X2) and three bits (X3) per cell, SanDisk's innovations have driven dramatic transformations across the electronics industry. SanDisk's flash memory innovations have enabled new markets and devices from digital photography to USB drives to smart phones, tablets and thin-and-light notebooks. Today, SanDisk is bringing flash memory to enterprise storage and transforming the data center.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it has completed its acquisition of SMART Storage Systems, a developer of enterprise solid state drives based on the SATA and SAS storage protocols. With the completion of the acquisition, SMART Storage Systems is being combined with SanDisk's Enterprise Storage Solutions, which will be led by John Scaramuzzo. John has been the President of SMART Storage Systems and is a veteran of the storage industry with more than 25 years of experience at Seagate, Maxtor, Quantum and Digital Equipment Corporation. John assumes the role of senior vice president, enterprise storage solutions, reporting to Sanjay Mehrotra, president and chief executive officer.

"I am delighted to welcome the employees of SMART Storage Systems to SanDisk and to build upon our momentum in the enterprise storage market," said Mehrotra. "This acquisition enables SanDisk to address a large market opportunity in enterprise SATA products, and complements our strong enterprise SAS product portfolio. With this combination, SanDisk will have enterprise SSDs qualified with six of the top seven storage OEMs worldwide."

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the company is enhancing its solid state drive (SSD) line-up for businesses with the addition of the nimble and power-efficient SanDisk X210 SSD. The SATA-based X210 SSD is an ideal solution for IT decision-makers looking to maximize data center performance or enhance the responsiveness of PCs and notebooks. The new SSD is available now through SanDisk's SSD hardware and software sales channel, the SanDisk Commercial Business Channel.

"Since launching SanDisk's commercial SSD channel earlier this year, we have received a tremendous response from businesses that have seen significant advantages from incorporating SanDisk solid-state technology into their data center and workplace PCs and notebooks," said Tarun Loomba, vice president of Storage Solutions marketing at SanDisk. "Leveraging SanDisk's most advanced flash memory technology and smart power-saving capabilities, the X210 SSD is an exceptionally fast and cost-effective storage solution for this growing market, and a great addition to our SanDisk SSD portfolio."

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions today announced that it has expanded its capital return program with the initiation of a quarterly dividend and the authorization of $2.5 billion of additional stock repurchases. The company will complete part of this stock repurchase through a $1.0 billion Accelerated Share Repurchase ("ASR") agreement, which was entered into today.

The SanDisk Board of Directors has approved the initiation of a quarterly cash dividend of $0.225 per share of common stock, equivalent to an annual yield of approximately 1.6% based on the July 31, 2013 closing price of $55.12. On an annualized basis, this will return approximately $220 million to stockholders based on shares outstanding as of June 30, 2013. The first dividend payment will be made on August 30, 2013 to holders of record on August 12, 2013. Future dividend payments are subject to review and approval by the Board.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced results for the second quarter ended June 30, 2013. Second quarter revenue of $1.48 billion increased 43 percent on a year-over-year basis and increased 10 percent sequentially. On a GAAP basis, second quarter net income was $262 million, or $1.06 per diluted share, compared to net income of $13 million, or $0.05 per diluted share, in the second quarter of fiscal 2012 and $166 million, or $0.68 per diluted share, in the first quarter of fiscal 2013.

On a non-GAAP basis, second quarter net income was $299 million, or $1.21 per diluted share, compared to net income of $51 million, or $0.21 per diluted share, in the second quarter of fiscal 2012 and net income of $207 million, or $0.84 per diluted share, in the first quarter of fiscal 2013. For reconciliation of non-GAAP to GAAP results, see accompanying financial tables and footnotes.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced three USB flash drives, the SanDisk Ultra USB 3.0, Cruzer Orbit and Cruzer Force USB flash drives. Designed with style, speed and reliability in mind, all three drives are ideal for secure storage of documents, music, photos and video files, allowing users to safely and effortlessly carry important information with them wherever they go. "In a data driven world, we recognize the importance of continuously expanding our portfolio of fast, reliable and stylish flash drives," said Philippe Willams, director of product marketing, SanDisk. "We're excited to be offering a suite of new USBs, all of which allow users the extra storage capacity needed for their important files."

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the SanDisk Extreme microSDHC and microSDXC UHS-I memory cards, the ideal companions for users who want fast expanded memory for the newest smartphones, tablets and cameras. "The SanDisk Extreme microSDXC card allows users to do more with their devices," said Susan Park, director, retail product marketing, SanDisk. "Our high-performance and high-capacity microSD cards enable consumers to take advantage of the high-quality HD video and imaging capabilities in the latest 4G smartphones, tablets and action cameras."

The microSDXC card is equipped with the fastest speeds available on the market, with up to 80 MB/sec read and up to 50 MB/sec write speeds, allowing faster shot-to-shot performance, rapid data transfer, fast action photography, continuous burst mode and quick file transfers. Additionally, this memory card is an ideal choice for Android-powered devices with 64 GB of capacity, providing an instant storage upgrade for capturing and keeping data.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced that the construction of the phase two shell of the Fab 5 joint venture wafer fabrication facility located in Yokkaichi, Japan, will begin in August 2013 with expected completion in mid-2014.

SanDisk expects to use phase two of Fab 5 primarily for technology transitions of existing Yokkaichi wafer capacity. The new cleanroom will provide the space needed for additional equipment required for transitioning the wafer capacity in Fab 3, Fab 4 and phase one of Fab 5, to next generation 2D NAND technologies and to early generations of 3D NAND technology. The Fab 5 plans are consistent with the company's strategy outlined during SanDisk's Investor Day May 8 and there are no changes to SanDisk's capital expenditure plans.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced a significant upgrade to its enterprise software portfolio with a new version of its FlashSoft software for Windows Server and Linux operating systems. FlashSoft 3.2 server-side solid state caching software complements and enhances the performance of existing applications, and server and storage systems.

"Solid state storage strategies are changing the economics of data management. The challenge, however, is adding enterprise flash technology without major disruptions to ongoing IT operations," said Jeff Boles, senior analyst and director of Lab Validation Services, The Taneja Group. "SanDisk's FlashSoft software efficiently integrates solid state cache into servers without changing where data is stored or the features and capabilities of a consolidated storage approach. This 'disruptionless' approach dramatically simplifies the introduction of solid state, and allows SanDisk customers to immediately address performance challenges without changing existing storage strategies."

SanDisk Corporation, a global leader in flash memory storage solutions, today announced that it has further expanded its trusted and broad solid state drive (SSD) portfolio with the addition of three new models - the high-performance SanDisk Extreme II SSD for technology enthusiasts and gamers, as well as two new OEM SSDs designed to enable cutting-edge notebooks and tablets.

All of the new SSDs introduced by SanDisk today are built with the company's advanced 19 nanometer (nm) manufacturing process technology and rely on SanDisk's intelligent flash memory architecture. This combination enables SanDisk to create SSDs that are exceptionally responsive, reliable and energy-efficient1. SanDisk will be showcasing its full SSD line-up at the company's booth at COMPUTEX TAIPEI on June 4-8, 2013 (booth number N0804).

WD, a Western Digital company, and SanDisk Corporation, a global leader in flash memory storage solutions, today announced that the two companies are collaborating to introduce hybrid storage devices that feature best-in-class flash memory technology from SanDisk and best-in-class hard drive technology from WD.

SanDisk is supplying a SanDisk iSSD storage device for the WD Black solid state hybrid drive (SSHD), the world's thinnest 2.5-inch SSHD solution, which utilizes both WD proprietary hybrid technology and industry standard SATA IO technology. The SanDisk iSSD brings an elegant balance of performance, low power consumption, cost, reliability, and a compact form factor to this SSHD, which will offer ample storage to meet consumers' growing appetite for digital content as well as flash-enabled speed, data throughput and responsiveness ? all within ultra-slim form factors.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced new products, a new distribution channel and a key notebook design win, all aimed at delivering the benefits of advanced SanDisk solid state drive (SSD) technology to a greater number of customers.

"With today's announcements, it's clear SanDisk is going all out in its commitment to delivering industry-leading SSD technology to our customers," said Kevin Conley, senior vice president and general manager, client storage solutions. "SanDisk now offers the broadest SSD lineup in the industry, with a full portfolio of products for consumers, OEMs and enterprises. We're also broadening our reach with a new distribution channel and continuing to see strong customer acceptance with our latest design win in the ASUS Transformer Book."

SanDisk is kicking off 2013 with the release of a new solid state drive, the Ultra Plus. This SSD has a 2.5-inch form factor (7 mm thickness) and features a Marvell controller, 19 nm MLC NAND memory, a SATA 6.0 Gbps interface, and a MTBF of 2 million hours.

The Ultra Plus is backed by a three-year warranty and comes in three capacities - 64 GB (520 / 155 MB/s sequential read/write speeds), 128 GB (530 / 290 MB/s) and 256 GB (530 / 445 MB/s). Amazon has SanDisk's SSDs priced at $120 (64 GB), $170 (128 GB) and $250 (256 GB).

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced that its Board of Directors has authorized an additional $750 million for common stock repurchases. This increases the total amount authorized for stock repurchases under the current program to $1.25 billion. The current repurchase program was established on Oct. 27, 2011 and will expire on Oct. 26, 2016. To date under this program, the company has used approximately $234 million for stock repurchases and approximately $1.016 billion remains available.

Under the expanded program, stock repurchases may be made from time to time and the actual amount expended will depend on a variety of factors including market conditions, regulatory and legal requirements, corporate cash generation and other factors. The stock repurchases may be made in both open market and privately negotiated transactions, and may include the use of derivative contracts, structured share repurchase agreements and Rule 10b5-1 trading plans. The program does not obligate SanDisk to repurchase any particular amount of common stock during any period and the program may be modified or suspended at any time at the company's discretion.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it has appointed Jeff VerHeul as senior vice president of the company's corporate engineering organization. Reporting to Sanjay Mehrotra, SanDisk's president and CEO, VerHeul brings 30 years of engineering and management experience to SanDisk where he will oversee the development of SanDisk's growing portfolio of SSD, embedded and removable products and solutions.