SanDisk Corp. (SNDK)

SanDisk Corporation designs, develops, manufactures, and markets NAND-based flash storage card products that are used in various consumer electronics products. Flash storage technology allows data to be stored in a compact format that retains the data after the power has been turned off. The company offers removable data storage solutions, universal serial bus flash drives, embedded flash memory drive solutions for data and code storage, flash-based digital media players, and MP3 players. Its products are used in various consumer electronics devices, such as digital cameras, mobile phones, gaming devices, laptop computers, other portable devices, and digital audio and video players, as well as in personal computing and network servers. The company also provides embedded flash storage products that are used in various systems for the enterprise, industrial, military, and other markets. It offers its products through retail and original equipment manufacturer distribution channels in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company was formerly known as SunDisk Corporation and changed its name to SanDisk Corporation in August 1995. SanDisk Corporation was founded in 1988 and is based in Milpitas, California.

For the nine months ended 1 October 2006, SanDisk Corporation's revenues increased 35% to $2.09B. Net income decreased 7% to $234M. Revenues reflect increased sales of megabytes, higher average capacity per card sold in retail and increased sales from License & Royalty division. Net income was offset by increased research & development expenses, higher interest income and the presence of equity in income of business ventures.