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|SanDisk Announces Second Quarter 2012 Financial Results|
On a GAAP(1) basis, second quarter net income was
On a non-GAAP(2) basis, second quarter net income was
"We delivered second quarter results in line with our forecast,
reflecting short-term weakness in our mobile OEM sales, strength in
retail, especially in international markets, and growth in our
enterprise and client SSD products,” said
SECOND QUARTER 2012 KEY FINANCIAL METRICS
SanDisk’s second quarter of fiscal 2012 conference call is scheduled for
2:00 P.M., Pacific Time,
This news release contains certain forward-looking statements, including statements about our business prospects and our expectations regarding our business, our belief that our OEM sales will improve and our industry will strengthen in the second half of 2012, our belief that industry supply/demand fundamentals are improving, our expanded product portfolio, expected financial results, and pricing and demand trends that are based on our current expectations and are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate and may significantly harm our business, financial condition and results of operations. Risks that may cause these forward-looking statements to be inaccurate include among others:
(1) GAAP represents U.S. Generally Accepted Accounting Principles.
(2) Non-GAAP represents GAAP excluding the impact of share-based compensation expense, amortization of acquisition-related intangible assets, non-cash economic interest expense associated with the Company’s convertible debt and related tax adjustments.