SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced that the company's common stock will be included in the NASDAQ Technology Dividend Index (Nasdaq:NQ96DIVUS), effective prior to market open on March 24, 2014. The NASDAQ Technology Dividend Index, which is evaluated on a semi-annual basis, includes up to 100 technology and telecommunications companies that pay a regular or common dividend.

"Inclusion in the NASDAQ Technology Dividend Index recognizes our commitment to total shareholder return," said Judy Bruner, executive vice president, administration and chief financial officer of SanDisk. "We are pleased to join this group of prominent dividend-paying technology companies." SanDisk initiated its quarterly cash dividend program in the third quarter of 2013.

SanDisk Corporation, a global leader in flash storage solutions, today announced that it has filed a civil lawsuit against Korea's SK Hynix, Inc., SK Hynix America and related entities in Santa Clara Superior Court. The lawsuit seeks damages, an injunction and other remedies against Hynix for trade secret misappropriation under California's Uniform Trade Secret Act. Additionally, SanDisk has submitted a criminal complaint with the Tokyo Metropolitan Police Department against a former employee.

These actions relate to the theft of trade secrets related to NAND flash technology by a former engineer of SanDisk who left the company in 2008 to work for SK Hynix. This engineer is alleged to have illegally taken SanDisk's proprietary technical information and to have subsequently provided it to SK Hynix. Tokyo Metropolitan Police today announced the arrest of the former employee, who worked at SanDisk's joint venture manufacturing facility in Yokkaichi, Japan. SanDisk has been and continues to cooperate with law enforcement in their investigation.

SanDisk Corporation, a global leader in flash storage solutions, today announced the new 128GB2 SanDisk Ultra microSDXC UHS-I memory card, the world's largest capacity microSD card. Smaller than the size of a fingernail, the new SanDisk Ultra microSDXC card enables consumers to use their phones and tablets as if storage limitations were never a concern, allowing users to capture thousands of songs and photos, and hours of video on a single, removable card.

"SanDisk's high-performance 128GB SanDisk Ultra microSDXC memory card will reshape the way users interact with their devices," said Stuart Robinson, director, Handset Component Technologies, Strategy Analytics. "Until now, consumers had to spread out their content between multiple products because the memory on those devices was not able to hold enough data in one place. This 128GB microSD card is going to be popular as the preferred removable storage option, giving users fast, secure and reliable access to their personal data archives."

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced the SanDisk Extreme PRO SDHC/SDXC UHS-II card. It is the world's fastest SD memory card, and is based on the latest high performance SD specification. The new SanDisk Extreme PRO SD UHS-II card offers up to 250 MB/s write speeds for continuous burst mode shooting and transfer speeds of up to 280 MB/s for maximum workflow efficiency. The SanDisk Extreme PRO SD UHS-II card is UHS Speed Class 3 (U3) enabled, a new specification allowing for high-quality 4K video recording.

"Camera manufacturers are rapidly introducing camera models for both consumers and professionals that are capable of higher burst rates and 4K video capture. Accordingly, memory card technology must move at a similar pace to provide users with the substantial performance required to take full advantage of these features," said Christopher Chute, research director, Worldwide Digital Imaging, IDC. "The higher levels of performance delivered by the new SanDisk Extreme PRO SD UHS-II card will help ensure that photographers, videographers and filmmakers are able to take advantage of the full capabilities of new professional-grade cameras."

SanDisk Corporation, a global leader in flash storage solutions, today announced the SanDisk Ultra Dual USB Drive, a USB flash drive featuring both a micro-USB and a USB 2.0 connector in a sleek and sturdy form factor. The SanDisk Ultra Dual USB Drive is designed for Android smartphone and tablet users who need an easy way to move content such as photos and videos from their mobile devices. The drive allows users to safely store and backup files, free-up space, or simply transfer multimedia between their smartphones, tablets and computers.

"The SanDisk Ultra Dual USB Drive provides a simple, convenient way to offload and backup files from smartphones and tablets - with the peace of mind that comes with the trusted SanDisk brand," said Dinesh Bahal, vice president, product marketing, SanDisk. "This new drive integrates with SanDisk's Memory Zone app to make freeing up space on mobile devices simpler than ever, improving the user experience."

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).