FORTUNE Magazine Ranks SanDisk in Top 10 of 100 Fastest Growing Companies in the U.S.SUNNYVALE, Calif. -- SanDisk(R) Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SNDK), the world's largest supplier of flash storage card products, today announced it has been named to FORTUNE Magazine's annual list of America's Fastest Growing Companies, ranking 8 out of the 100 companies listed. The list can be found in the September 5, 2005 issue of FORTUNE Magazine. SanDisk posted record revenues for 2004, with total revenue at $1.8 billion, up 65% from $1.1 billion in 2003. Net income was $267 million, up 58% from net income of $169 million in 2003 and fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for fiscal 2004 were $1.44, compared to $1.02 in 2003. "SanDisk is pleased to be recognized by FORTUNE Magazine as one of the nation's top 100 fastest-growing companies," said Eli Harari, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SanDisk Corporation. "The company delivered excellent top and bottom line financial results in 2004, demonstrating the broad acceptance of our flash storage products by consumers worldwide. In the coming few years we expect substantial growth in the emerging consumer markets that we address, including increased adoption of flash cards in the mobile phone market to store music, pictures and video, the flash music player See flash player. and smart USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. flashdrive markets and the exciting market for our cards in video game consoles This is a list of video game consoles by the era they appeared in. Eras are named based on the dominant console type of the era (even though not all consoles of those eras are of the same type). Some eras are referred to based on how many bits a major console could process. . Our goal is to establish SanDisk as a global consumer-branded powerhouse in the coming decade." To compile the list, FORTUNE Magazine asked Zacks Investment research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. to screen for U.S. companies with a market cap of $50 million, at least $50 million in revenues over the past four quarters, 25% or better annual growth in sales and earnings per share over the past three years and a few other traits. The final ranking reflects growth in revenues, EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. and total market return for three years. SanDisk is the original inventor of flash storage card products, and is the world's largest supplier of flash data storage card products, using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Sunnyvale, CA and has operations worldwide, with more than half of its sales outside the U.S. The matters discussed in this news release contain certain forward-looking statements, including expectations for markets and customers that are based on the company's current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others, that market demand may not meet the company's expectations, and the other risks detailed from time-to-time in the company's Securities and Exchange Commission filings and reports, including, but not limited to, the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly reports on Form 10-Q and current reports on Form 8-K. The company does not intend to update the information in this release. SanDisk's web site/home page address: http://www.sandisk.com. Images of SanDisk products are available at http://www.sandisk.com/corporate/media.asp. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the U.S. and other countries. Other brand names mentioned herein are for identification purposes only and may be trademarks of their respective holder(s). |
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