SUNNYVALE, CA, Oct. 24, 2000 - SanDisk Corporation (NASDAQ:SNDK) today issued the following statement in response Lexar Media's Oct. 23 press release.
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SanDisk Corporation, the world's largest supplier of flash data storage 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 Sunnyvale, CA.
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release.
All trade names are either registered trademarks or trademarks of their respective holders.
"The CFA (CompactFlash Association) did not have any written regulations that could be interpreted as requiring SanDisk to disclose its pending patent application. Accordingly, to the extent Lexar's claim is based on the CFA's written regulations, its claim fails as a matter of law."
"No reasonable trier of fact could find that SanDisk violated the written regulations of the PCMCIA (Personal Computer Memory Card International Association)."