SanDisk Sets January 27, 2016 to Release FQ4-2015 Financial Results
December 21 2015 - 8:00AM
SanDisk Sets
January 27, 2016 to Release FQ4-2015
Financial Results
MILPITAS, Calif., December 21,
2015 - SanDisk Corporation (NASDAQ: SNDK), a global leader in
flash storage solutions, announced today that it will release its
fiscal fourth quarter financial results for the quarter ending
January 3, 2016 via Business Wire after the close of the NASDAQ
market on January 27, 2016. In light of the pending
acquisition by Western Digital Corporation, SanDisk will not hold a
conference call to discuss its financial results. SanDisk
will publish prepared remarks and earnings presentation materials
on its website at www.sandisk.com/ir along with releasing the
financial results.
About SanDisk
SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500
company, is a global leader in flash storage solutions. For more
than 25 years, SanDisk has expanded the possibilities of storage,
providing trusted and innovative products that have transformed the
electronics industry. Today, SanDisk's quality, state-of-the-art
solutions are at the heart of many of the world's largest data
centers, and embedded in advanced smart phones, tablets and
PCs. SanDisk's consumer products are available at
hundreds of thousands of retail stores worldwide. For more
information, visit www.sandisk.com.
© 2015 SanDisk Corporation. All rights reserved.
SanDisk and the SanDisk logo are trademarks of SanDisk Corporation,
registered in the United States and other countries. Other brand
names mentioned herein are for identification purposes only and may
be the trademarks of their respective holder(s).
Forward Looking
Statements
All statements included or incorporated by reference in this press
release, other than statements or characterizations of historical
fact, are forward-looking statements within the meaning of the
federal securities laws, including Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These
forward-looking statements are based on SanDisk's current
expectations, estimates and projections about its business and
industry, management's beliefs, and certain assumptions made by
SanDisk, all of which are subject to change. Forward-looking
statements can often be identified by words such as "anticipates,"
"expects," "intends," "plans," "predicts," "believes," "seeks,"
"estimates," "may," "will," "should," "would," "could,"
"potential," "continue," "ongoing," "pending," similar expressions,
and variations or negatives of these words. Examples of such
forward-looking statements include references to the pending
acquisition by Western Digital Corporation ("Western
Digital"). These forward-looking statements are not
guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause actual results to
differ materially and adversely from those expressed in any
forward-looking statement.
Important risk factors that may cause such a
difference in connection with the proposed merger with Western
Digital include, but are not limited to, the following factors:
(1) the inability to complete the merger due to the failure to
obtain stockholder approval for the merger or the failure to
satisfy other conditions to completion of the merger, including the
receipt of all regulatory approvals related to the merger;
(2) uncertainties as to the timing of the consummation of the
merger and the ability of each party to consummate the merger;
(3) risks that the proposed merger disrupts the current plans
and operations of Western Digital or SanDisk; (4) the ability
of Western Digital and SanDisk to retain and hire key personnel;
(5) competitive responses to the proposed merger;
(6) unexpected costs, charges or expenses resulting from the
merger; (7) the outcome of any legal proceedings that could be
instituted against Western Digital, SanDisk or their respective
directors related to the merger; (8) potential adverse
reactions or changes to business relationships resulting from the
announcement or completion of the merger; (9) the inability to
obtain, or delays in obtaining, cost savings and synergies from the
merger; (10) delays, challenges and expenses associated with
integrating the combined companies' existing businesses and the
indebtedness planned to be incurred in connection with the merger;
and (11) legislative, regulatory and economic developments.
These risks, as well as other risks associated with the proposed
merger, are more fully discussed in the joint proxy
statement/prospectus included in the Registration Statement on
Form S-4 filed by Western Digital with the SEC in connection
with the proposed merger on December 14, 2015. In addition,
actual results are subject to other risks and uncertainties that
relate more broadly to SanDisk's overall business, including those
more fully described in SanDisk's filings with the SEC including
its annual report on Form 10-K for the fiscal year ended
December 28, 2014 and its quarterly reports filed on Form 10-Q
for the current fiscal year, and Western Digital's overall business
and financial condition, including those more fully described in
Western Digital's filings with the SEC including its annual report
on Form 10-K for the fiscal year ended July 3, 2015 and
its quarterly reports filed on Form 10-Q for the current fiscal
year. The forward-looking statements in this press release
speak only as of this date. SanDisk does not undertake any
obligation to revise or update publicly any forward-looking
statement to reflect future events or circumstances.
Source: SanDisk Corporation
Investor Contacts:
Jay Iyer, 408-801-2067
jay.iyer@sandisk.com
Brendan Lahiff, 408-801-1732
brendan.lahiff@sandisk.com
Media Contact:
Michael Diamond, 408-801-1108
michael.diamond@sandisk.com
# # # # #
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: SanDisk Corporation via Globenewswire
HUG#1974920
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