SanDisk Corporation, the world's largest supplier of flash data
storage card products, designs, manufactures and markets industry-standard,
solid-state data, digital imaging and audio storage products using its patented,
high-density flash memory and controller technology.
SanDisk is based in Milpitas, California.
These presentations contain certain forward-looking statements, including statements about our outlook for future business periods, production schedules and output and effects on financial performance (on a GAAP and non-GAAP basis), market growth, including in the mobile handset, video, imaging cards, enterprise USB drive, GPS and SSD markets, attach rates for our products, market trends and opportunities, including removable and embedded cards in the mobile market and the SSD market, technological advancements, including 3 bits per cell, 4 bits per cell and 3D storage technologies and 43nm feature sizes, expectations for new product introductions, features, applications, categories and standards, the technological transition and augmentation of our current and future captive manufacturing capacity, our anticipated investments therein and the expected benefits therefrom, anticipated expansion of the production from our Shanghai assembly and test facility, new and expanding markets, growth in international markets, new customers, current and future joint venture partners, market share, supply and demand, captive versus non-captive supply mix, sales, megabyte growth, average capacities of products sold, revenues, including license and royalty revenues, future financial performance, cost structure, pricing, inventory, gross margins (on a GAAP and non-GAAP basis), earnings, operating expenses (on a GAAP and non-GAAP basis), foreign exchange trends, personnel plans and capital equipment expenditures, that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate and may significantly and adversely affect our business, financial condition and results of operations. Risks that may cause these forward-looking statements to be inaccurate include among others:
slower than expected growth in market demand for our products or a slower adoption rate for these products in current and new markets that we are targeting,
future average selling price erosion that may be more severe than our expectations due to decreased demand or excess industry capacity of flash memory from ourselves as well as from existing suppliers or from new competitors,
adverse global economic and geo-political conditions, including adverse currency exchange rates, particularly adverse changes to the Yen/Dollar exchange rate,
continued excess industry-wide supply to meet demand,
any interruption of or delay in supply from any of the semiconductor manufacturing or subcontracting facilities, including test and assembly facilities that supply products to us,
inability to purchase sufficient non-captive supply on favorable terms, or at all,
quality of available non-captive supply,
lower margins due to increased use of non-captive supply,
customers incorporating our products into their current or future products may fail to do so, may not introduce or ship those products as we anticipate or may not achieve broad market acceptance for such products,
slower than expected expansion of our global sales channels,
any temporary or long-term loss of market share,
unexpected yield variances and delays related to our conversion to 43-nanometer NAND flash technology or the ramp-up of our 300mm Fab 4 flash fabrication facility,
our inability to make additional planned smaller geometry conversions in a timely manner,
failure to develop commercially viable rewritable 3D memory technology in a timely and cost-effective manner,
less than expected growth in the average megabyte capacity per card,
higher than expected operating expenses,
higher than anticipated capital equipment expenditures,
higher than anticipated ramp-up costs for Fab 4,
unexpected difficulties in developing and ramping of 3 bits per cell technology,
unexpected difficulties in developing 4 bits per cell and 3D technologies,
fluctuations in license and royalty revenues,
an adverse determination in any litigation against us or affecting us,
business interruption due to earthquakes, hurricanes or other natural disasters, particularly in areas in the Pacific Rim and Japan where we manufacture and assemble products,
acts of terror or war, and
other risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including, but not limited to our Forms 10-Q and our Form 10-K for the fiscal year ended December 30, 2007, which we filed on February 25, 2008.