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Business Description
SanDisk Corporation designs, develops, manufactures and markets flash storage card products used in a variety of electronic systems. The Company's storage products are high capacity, solid-state, non-volatile flash memory devices that comply with industry standards, including the PC Card ATA and/or IDE, MultiMediaCard, SD cards, miniSD cards and Memory Stick standards. SanDisk's product families include removable CompactFlash cards, Ultra CompactFlash cards, Wi-Fi CompactFlash cards, Secure Digital (SD) cards, SD Ultra cards, Wi-Fi SD cards, the Memory Stick product line, SmartMedia cards, xD-Picture cards, FlashDisk cards, the Cruzer USB Flash Drive product line, MultiMediaCards and embedded Flash ChipSets, embedded TriFlash and the semi-removable T-Flash module that SanDisk announced in late February 2004.

Financial Information
For the six months ended 6/27/04, revenues rose from $409.1 million to to $820.2 million. Net income increased 96% to $136.6 million. Revenues reflect higher sales of flash memory data storage products. Net income was partially offset by higher operating expenses as a percentage of sales.