SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, announced today results for the second quarter ended July 1, 2012. Total second quarter revenue of $1.03 billion declined 25% on a year-over-year basis and declined 14% on a sequential basis.

On a GAAP(1) basis, second quarter net income was $13 million, or $0.05 per diluted share, compared to net income of $248 million, or $1.02 per diluted share, in the second quarter of fiscal 2011 and $114 million, or $0.46 per diluted share, in the first quarter of fiscal 2012.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the acquisition of Schooner Information Technology, Inc., an enterprise software company located in Silicon Valley that develops flash-optimized database and data store solutions. Schooner's products complement SanDisk's growing portfolio of enterprise solid state disk (SSD) and flash-optimized software offerings that enable customers to accelerate the performance of data-intensive applications and reduce overall cost of ownership. Schooner's team of database and flash optimization experts have joined SanDisk's Enterprise Storage Solutions (ESS) team. Schooner's products will be optimized for SanDisk's enterprise SSD portfolio as well as for enterprise SSDs from third parties.

Schooner's products are currently deployed by U.S. and international customers, including several Fortune 500 companies. Designed to fill the gap between stock do-it-yourself open source solutions and expensive high-end database deployments, Schooner's products deliver enterprise-grade performance, powering data center consolidation at a lower cost. Engineered for flash acceleration and enhanced with enterprise features, Schooner's products deliver up to five times the throughput of competing configurations. In addition, they deliver near in-memory response times to mission critical applications along with enterprise-grade replication and failover capabilities. In-memory database solutions are enabling breakthroughs in database and Business Intelligence applications that are only possible with solid state memories. Schooner's ability to combine DRAM and flash memory seamlessly in a single solution offers near DRAM performance at a lower cost.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the world's fastest mobile memory card. The SanDisk Extreme Pro microSDHC UHS-I card is ideal for smartphone and tablet users who want to boost their device's storage capacity while enjoying the fastest mobile experience.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced a suite of USB flash drives that includes SanDisk's fastest, thinnest and highest-capacity USB products ever. The drives offer consumers the storage they need to carry libraries of digital content with them wherever they go, transfer their files quickly and do so with style.

"Whether consumers are seeking super-fast transfer speeds, maximum storage capacity or a stylish fashion statement, we offer a drive to meet their needs," said Bob O'Keefe, vice president, retail marketing, SanDisk. "SanDisk pioneered the USB drive and now offers one of the broadest lineups in the industry, with a wide range of form factors and reliability that consumers can count on to store their important files."

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it is using the world's most advanced semiconductor manufacturing process to produce SanDisk's highest performing embedded memory products.

iNAND Extreme is now being built on SanDisk's 19 nanometer (nm)* process technology to enable the large-capacity, high-performance embedded NAND flash memory products that are ideally suited for high-end tablets and smartphones. Products running the Android operating system as well as the upcoming Microsoft Windows RT version of the Windows 8 operating system can benefit from iNAND Extreme capacity, performance and small size.

SanDisk Corporation, a global leader in flash memory storage solutions, today introduced Lightning PCI Express (PCIe) Solid State Accelerator (SSA) cards designed to boost the performance of workstations and servers used in data centers, server farms and cloud computing environments.

The new SanDisk Lightning PCIe SSA products can be added to workstations and servers to provide balanced, predictable performance for enterprise applications, delivering the ideal combination of speed, reliability and cost-savings. The cards provide rapid access to the most frequently used data and applications in order to more effectively manage heavy workloads. They are part of SanDisk's growing portfolio of solid state drive (SSD) solutions for the enterprise.

SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, announced today results for the first quarter ended April 1, 2012. Total first quarter revenue of $1.21 billion declined 7% on a year-over-year basis and declined 24% on a sequential basis.

On a GAAP basis, first quarter net income was $114 million, or $0.46 per diluted share, compared to net income of $224 million, or $0.92, per diluted share in the first quarter of fiscal 2011 and $281 million, or $1.14 per diluted share, in the fourth quarter of fiscal 2011.

MSI released pictures and performance numbers of its in-house SuperRAID storage design that's implemented in its GT70 gaming notebook. The GT70 has two drive bays, one of which holds a 500 GB WD Scorpio Black hard drive, and the other, the SuperRAID module. The hard drive is tasked with just storage and a system recovery partition, while the SuperRAID module is where the action is.

Simply put, the SuperRAID module is a PCB with a RAID controller, and two mSATA 6 Gb/s slots. Each of these slots holds a SanDisk U100 64 GB mSATA SSD. Each of these SSDs come with rated sequential transfer rates as high as 440 MB/s (reads) with 220 MB/s (writes), but striped in RAID 0, the volume churns out tested transfer rates as high as 964 MB/s (max. read), 928 MB/s (avg. read), and 843 MB/s (min. read), when tested by HDTune Pro 5.00. The SuperRAID module is bootable, and holds the operating system and programs. MSI claims with transfer speeds well over 900 MB/s, it has the fastest storage solution among gaming notebooks.

Twentieth Century Fox Home Entertainment, Warner Bros. Home Entertainment Group, SanDisk, and Western Digital today revealed "Project Phenix" (working title), an initiative that will give consumers an easier and faster way to organize, store and move their high definition digital movies and TV shows - including new releases in up to full 1080p quality - across multiple devices. In addition to local storage, the content will also be backed up via the UltraViolet industry standard as well as other cloud-based services.

The project is being developed by the newly formed Secure Content Storage Association (SCSA). Established as an LLC, this coalition will create and license solutions that secure high definition and other premium copyright-protected content on local and portable hard drives, and flash memory products such as USB flash drives, SD cards and solid state disk drives (SSDs). Once content is downloaded to a hard drive or flash memory product, it could then be accessed, online or offline, on any SCSA-enabled device such as a connected TV, laptop, Blu-ray player, tablet, mobile phone or game console. The optimized content will be made easily available for purchase via digital download, digital files bundled with physical media, kiosks in retail stores, or other means of secure digital delivery.

SanDisk Corporation, a global leader in flash memory storage solutions, today highlighted its efforts to enhance the mobile user experience through its close collaboration with key industry partners. Here at the world's largest mobile industry gathering, SanDisk will be describing its close working relationships with Freescale, Intel Corporation, Marvell Semiconductor, MediaTek Inc., Microsoft Corp., NVIDIA, Qualcomm Incorporated, ST-Ericsson and Texas Instruments Incorporated (TI), among others.

"SanDisk works to ensure its NAND flash memory products are tightly integrated with products from all major chipset vendors and mobile operating system developers to ensure the best possible mobile user experience," said Yoram Zylberberg, senior director, Embedded Memory Business. "Focusing on tight integration with the mobile community and standards bodies helps produce an optimized mobile solution. As a result, iNAND embedded flash memory is included on a majority of leading mobile chipset reference designs and is the reason why we have such great support from our industry partners here at Mobile World Congress."

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it is working with key industry chipset vendors to help ensure a best-in-class user experience for mobile devices based on Microsoft Corp.'s upcoming Windows 8 operating system.

Companies such as Intel Corporation, Qualcomm Incorporated and Texas Instruments Incorporated (TI) are using SanDisk iNAND Extreme embedded flash memory with some of their top Windows 8 hardware development platforms. SanDisk is working with these companies to optimize its iNAND Extreme flash memory products with Windows 8-based tablet and mobile designs.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it has developed the world's smallest 128 gigabit (Gb) NAND flash memory chip currently in production. The semiconductor device can store 128 billion individual bits of information on a single silicon die 170 mm2 in size - a little more than a quarter of an inch squared, or smaller than the area covered by a U.S. penny.

The use of NAND flash memory in high tech equipment like smartphones, tablets and solid state drives (SSDs) allows advances in the full function, small form factor devices that are highly valued by consumers. Shrinking the size of NAND flash memory allows smaller, more powerful computing, communications and consumer electronics devices to be built while keeping costs low.

SanDisk Corporation, a global leader in flash memory storage solutions, today extended its enterprise solid state disk drive (SSD) solutions portfolio with the acquisition of FlashSoft, a provider of innovative caching software products. SanDisk intends to sell FlashSoft's products as standalone software, as well as offer these software products in combination with SanDisk's growing portfolio of SAS, PCIe and SATA enterprise solutions.

FlashSoft's software is targeted for Windows, Linux and VMWare platforms, and will form the basis of a growing ecosystem of SSD-optimized software solutions from SanDisk and third party partners, enabling the configuration of complete solutions optimized for the specialized needs of enterprise and cloud customers.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced it has entered into a worldwide, exclusive agreement with Diskeeper Corp. to license its industry leading caching software solutions for solid state disk drives (SSDs).

Under the terms of the agreement, SanDisk will provide these solutions both as standalone software products as well as bundled with SanDisk's SSD products for client computing applications. The resulting hardware/software bundled solution from SanDisk will help its consumer OEM customers build optimized computing devices, such as Ultrabooks and other ultra-thin form factor products, that provide greater responsiveness, higher performance and an overall better user experience to consumers worldwide.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced a high-performance solid state drive (SSD) for the retail channel. The SanDisk Extreme SSD is up to 10 times faster than a 7,200 RPM hard disk drive, enabling computer users to quickly boot and shut down their systems, launch applications faster and reduce wait times. The drive is also more durable and power efficient, delivering a reliable computing experience while maximizing battery life.

Extreme Performance

The SanDisk Extreme SSD can boot a PC in less than 16 seconds and quickly shut down the system, delivering a significantly improved user experience to desktop and notebook users. For gamers, the SanDisk Extreme SSD can launch applications in a fraction of the time and reduce in-game delays by generating environments faster during sequence transitions. This is particularly important during massively multiplayer online role-playing games (MMORPGs).

SanDisk Corporation, a global leader in flash memory storage solutions, today announced the SanDisk X100 solid state drive (SSD) for client computing markets. The SanDisk X100 SSD is available in capacities up to 512 GB and utilizes multi-level cell (MLC) technology, a SATA 6 Gb/s high-performance interface, advanced multi-streaming features and tiered caching technology.

The drive offers up to 500/420 megabyte per second (MB/sec) sequential read/write speeds, and enables a user to copy a 4 GB high-definition movie in less than 10 seconds. In addition to the standard 2.5 inch form factor, the X100 SSD also comes in mSATA and customized thin form factors to address the emerging ultra-thin laptop market. SanDisk offers a wide variety of configuration options, including standalone and dual drive caching solutions.

Following reports that Kingston is reducing prices of its NAND flash-based products by up to 15%, SanDisk too is reportedly preparing price-cuts of its own. Unlike Kingston, SanDisk's entire product portfolio is connected with NAND flash memory, it is the world's largest vendor of memory cards, and also has a vast lineup of USB flash drives. SanDisk will lower its prices just enough to maintain competitiveness with Kingston's products. The company maintains that initiating a price-cutting strategy is intended to boost sales volume and maintain the company's leading market share. According to DRAMeXchange, major NAND flash vendors are initiating price cuts to clear inventories, to make way for flash memory built on newer fabrication technologies.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced that the iNAND Ultra line of products will be the first of its embedded flash memory products to move to 19 nanometer (nm) manufacturing technology, the industry's most advanced chip making process.

SanDisk Corporation, a global leader in flash memory storage solutions, today introduced the 128 gigabyte (GB) SanDisk Extreme SDXC UHS-I card. The new card is ideal for photography enthusiasts capturing Full HD 3D videos and high-resolution photos.

Panasonic Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation, Sony Corporation and Toshiba Corporation today announced that they have reached an agreement in principle to collaborate on a new content protection technology for flash memory cards such as SD Cards and various storage devices. Under the "Next Generation Secure Memory Initiative," the five companies will start preparing for licensing and promotion of HD (high-definition)-capable security for SD Cards and embedded memory for use in advanced consumer applications such as tablets and smartphones.

This content protection solution will be robust enough to protect HD content. A high level of content security will be realized through the use of the initiative's technologies, including unique ID (identification) technology for flash memory and robust copy protection based on public key infrastructure.

SanDisk Corporation, a global leader in flash memory storage solutions, today announced that it has implemented the new SATA µSSD specification into its SanDisk iSSD product line of postage stamp-sized embedded SSDs. SATA-IO, an industry consortium dedicated to sustaining the quality, integrity and dissemination of serial ATA (SATA) technology, introduced the standard today.

The number of media tablets shipped worldwide is expected to grow from 17.8 million units in 2010 to 53.5 million units in 2011. The five-year CAGR (Compound Annual Growth Rate) is 48.5 percent, according to the IDC 1Q11 Media Tablet and eReader Tracker Forecast. These thin, high-performance mobile computing platforms combine sophisticated components in a small physical area, compounding design complexity and driving the need for industry standards.

SanDisk Corporation, a global leader in flash memory storage solutions, today introduced the SanDisk Ultra solid state drive (SSD) for the retail market. The new SSD can extend the life of desktop and notebook PCs, and offers greater performance, durability and power efficiency than a hard disk drive.

The SanDisk Ultra SSD is a convenient drop-in solution for technology enthusiasts looking to upgrade their own PCs for an enhanced user experience. The new SSD features: Fast Performance, Power Efficiency, and Long-term Reliability.

Toshiba Corporation and SanDisk Corporation today celebrated the opening of Fab 5, the third 300mm wafer NAND fabrication facility at Toshiba's Yokkaichi Operations in Mie Prefecture, Japan.

Consumer demand for smartphones, tablets and other electronic devices continues to fuel strong global demand for NAND flash memory. Toshiba began the construction of Fab 5 in July 2010, and the new facility, equipped with manufacturing equipment funded by Toshiba and SanDisk, started volume production in July 2011. Fab 5 currently uses 24 nanometer (nm) process technology and its first wafer outs will be in August. In time, the fab will transition to more advanced process generations, starting with recently announced 19nm technology, the world's smallest, most advanced process node.

SanDisk Corporation, a global leader in flash memory storage solutions, today expanded its Lightning(R) Enterprise Flash Drive (EFD) family with six new 2.5-inch 6Gb SAS (6 gigabits per second Serial Attached SCSI) models. The Lightning products are part of the new Enterprise Storage Solutions (ESS) division that SanDisk created following its recent acquisition of Pliant Technology.

The new drives include three SLC (single-level cell) flash drives with capacities of 100 gigabytes (GB), 200GB and 400GB; and three MLC (multi-level cell) flash drives with capacities of 200GB, 400GB and 800GB. The new drives extend SanDisk's position as the industry leader in EFD performance, performance predictability and reliability. SanDisk also confirmed today that HP has qualified and integrated the new Lightning 6Gb SAS drives into its HP Qualified storage drive offerings.

SanDisk Corporation, the global leader in flash memory cards, today introduced the SanDisk Extreme Pro SDHC UHS-I card. The card features Ultra High Speed (UHS) technology from the newly released SD 3.0 specification and achieves up to 45 MB/sec read and write performance with long-term reliability by distributing data rapidly and efficiently using SanDisk's proprietary Power Core Controller.

"SanDisk has a long history of developing fast, highly reliable cards for photography enthusiasts and professionals," said Susan Park, director, retail product marketing, SanDisk. "Our new SanDisk Extreme Pro SDHC card lets consumers take their skills to the next level by capturing high-resolution still images, fast-moving action shots and HD videos of the highest quality."