SanDisk Sets April 27, 2016 to Release FQ1-2016 Financial Results
April 08 2016 - 9:00AM
Business Wire
SanDisk Corporation (NASDAQ:SNDK), a global leader in flash
storage solutions, announced today that it plans to release its
fiscal first quarter financial results for the quarter ending April
3, 2016 via Business Wire after the close of the NASDAQ market on
Wednesday, April 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 also plans to
publish earnings related materials on its website at
www.sandisk.com/ir.
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.
© 2016 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 the proposed merger, 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”) and
the planned earnings release. 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 satisfy
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. 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 January 3, 2016, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160408005140/en/
Investor Contacts:Jay Iyer,
408-801-2067jay.iyer@sandisk.comBrendan Lahiff,
408-801-1732brendan.lahiff@sandisk.comMedia Contact:Carol
Kurimsky, 408-801-1390carol.kurimsky@sandisk.com
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