SUNNYVALE, CA, Nov.7, 2003 - SanDisk Corporation (NASDAQ:SNDK), the world's largest supplier of flash storage card products, today announced that SanDisk has been added to the NASDAQ-100 Index®. The NASDAQ-100 Index is composed of premier, non-financial, growth companies and has become a financial benchmark for global investors. Inclusion in this elite list of companies will be effective November 13, 2003.
"We are delighted and honored by NASDAQ adding SanDisk to the NASDAQ-100 Index," said Eli Harari, president and CEO of SanDisk Corporation. "Our dedicated employees worldwide have provided the vision, innovation and business execution which have made SanDisk a global market leader for flash storage cards in emerging and rapidly growing consumer markets such as digital cameras, multimedia cell phones, and USB flash drives. We are excited about the mega- market opportunities that are materializing for us in the coming several years."
SanDisk invented Flash storage cards fifteen years ago, and through its intellectual property and patents has the rights to manufacture and sell all of the popular flash card formats sold today. SanDisk is a key partner and supplier to major OEM's worldwide, and serves as a true 'one-stop-shop', vertically integrated manufacturer for flash storage cards to its retail partners and consumers.
The NASDAQ-100 Index, launched in January 1985, reflects NASDAQ's largest non-financial companies across major industry groups. Index securities are ranked by market value and evaluated annually to determine which securities will be included. The NASDAQ-100 Index Tracking StockSM represents ownership in the NASDAQ-100 Trust. The Trust holds a portfolio of equity securities that compose the NASDAQ-100 Index and aims to provide investment results that generally correspond with the NASDAQ-100 Index performance.
SanDisk Corporation, the world's largest supplier of flash 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 Sunnyvale, CA.
This news release contains a certain forward-looking statement on the outlook for our markets that is based on our current expectations and involves numerous risks and uncertainties that may cause this forward-looking statement to be inaccurate and may significantly and adversely affect our business, financial condition and results of operations, and the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, the prospectus filed on September 25, 2003, the Form 10-Q for the quarter ended June 29, 2003 and the Annual Report on Form 10-K for the year ended December 31, 2002. Future results may differ materially from those previously reported. We assume no obligation to update the information contained in this release.
SanDisk's web site / home page address: www.sandisk.com
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Director of Investor Relations