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, and its effects on financial performance (on a GAAP and non-GAAP basis), market growth, including in the mobile handset, portable computing platforms, digital cameras, video, enterprise USB drive, GPS and SSD markets, attach rates for our products, technological advancements, including 3 bits per cell, or X3, 4 bits per cell, or X4, managed NAND, 3D read/write storage technologies and 43 nm feature sizes or smaller, 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, our utilization capacity, our cost reduction activities, new and expanding markets, growth in international markets, new customers, current and future joint venture partners, investments in merchandising and branding, market share, supply and demand, captive versus non-captive supply mix, sales, megabyte growth, average capacities of products sold, prices and planned price adjustments, including anticipated consumer response to those adjustments, 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), our cost competitiveness, foreign exchange trends, personnel plans, and capital equipment expenditures, financial commitments related to our manufacturing capacity, potential funding sources, expected tax rates and tax refund, and intellectual property protection strategies 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:
fluctuations in our operating results,
competitive pricing pressures and industry-wide supply,
level of demand and consumer confidence due to a continuing global economic downturn,
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,
failure to obtain the benefits from our pricing adjustments,
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,
our license and royalty revenues may decline significantly in the future as our existing license agreements and key patents expire or if licensees fail to perform on a portion or all of their contractual obligations, which may also lead to increased patent litigation costs,
increased memory component and other costs as a result of currency exchange rate fluctuation to the U.S. dollar, particularly with respect to the Japanese Yen,
timing of sell-through by our distributors and retail customers,
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,
inability to implement measures to return our flash memory supply model to a mix of captive and non-captive memory,
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,
slower than expected expansion of our global sales channels,
inability to develop or unexpected difficulties or delays in developing or manufacturing with acceptable yields, X3, X4, 3D Read/Write, or other advanced, alternative technologies or difficulty in bringing advanced technologies into volume production at cost competitive levels,
unexpected yield variances and delays related to our conversion to advanced technologies, such as 32-nanometer NAND flash technology ,
significant downgrade in our corporate rating by any rating agency may impair the ability of our flash ventures with Toshiba to obtain future equipment lease financings on terms consistent with current leases, or at all, and could cause a default under certain leases,
our ability to successfully consummate an equity or other financing on favorable terms or at all,
less than expected growth in the average megabyte capacity per card,
fluctuations in license and royalty revenues,
higher than anticipated operating expenses,
higher than expected capital expenditures at our fabrication venture,
write-downs or impairments of our investments in fabrication capacity, equity investments and other assets,
our ability to successfully consummate an equity or other financing on favorable terms or at all,
higher than anticipated ramp-up costs for Fab 4,
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 Annual Report on Form 10-K/A for the fiscal year ended December 28, 2008, which we filed on February 26, 2009.
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