Perry,
Ever since I read about Sandisk in SmartMoney magazine, I have been interested in buying some SanDisk. However, since I have totally missed the phenomanal rise I am a little weary to get in even at these lower prices. My only major concern is that CF will become a comodity product like DRAM. I suppose that will eventually happen but my concern is that it has already taken place. Can anyone address this question?
I still hold this as one of the most important developments for this company since I bought my first SanDisk shares in April of 1998.
SANDISK AND SST SIGN PATENT CROSS-LICENSING AGREEMENT FOR FLASH CARD PRODUCTS
SUNNYVALE, CA, July 8, 1998 – SanDisk Corporation (SNDK:NASDAQ) and SST (Silicon Storage Technology, Inc.)
(SSTI:NASDAQ) today announced that they have signed a patent cross-licensing agreement for flash card products.
Under the agreement, SanDisk and SST have licensed each other's patents covering the design and manufacture of flash card products, giving both companies worldwide rights to use those patents. Specific terms of the agreement are confidential.
Eli Harari, SanDisk president and CEO, said, "We are very happy to announce this patent cross-licensing agreement with Silicon Storage Technology, an innovative, cutting-edge company in the flash card market. This is SanDisk's first card-level patent cross-licensing agreement and we expect that similar card-level agreements will be signed later with other flash card companies. This agreement between SanDisk and SST will provide added impetus to the growth of the flash data storage market and is a further confirmation of the fundamental value of SanDisk's intellectual property patents in this rapidly growing flash card market."
Bing Yeh, president and CEO of SST, said, "This agreement allows each of our companies to respect the technology contributions of the other and results in increased freedom to design and manufacture new products without the threat of patent infringement. This will provide both companies with a level playing field on which to compete. We are very pleased to have established this cross-license relationship with SanDisk. This is an excellent agreement for both companies."
SanDisk Corporation, the world's largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA.
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Risk Factors" in SanDisk's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release.
Headquartered in Sunnyvale, CA, SST (SSTI:NASDAQ) designs, manufactures and markets low-cost, high-quality flash memory components for the computer, communications and consumer markets. Current product families include single-power supply (5.0V-only, 3.0V-only or 2.7V-only), small erase-block flash memory components as well as two-power supply MTP (Many-Time Programmable) flash products. SST is also designing products for the mass storage and flash embedded controller markets. All SST memory components products are based on patented, proprietary SuperFlash technology. SST offers this technology for embedded applications through its manufacturing partners and technology licensees Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), Samsung Electronics Co. Ltd., Sanyo Electric Co. Ltd., and Seiko Epson Corp.
Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These risks may include timely development, acceptance and pricing of new products, the terms and conditions associated with licensees' royalty payments, the impact of competititive products and pricing, and general economic conditions as they affect SST's customers, as well as other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended Dec. 31, 1997.
For more information about SST and the company's comprehensive list of product offerings, please call 1-800/SST-CHIP or 1-888/221-1178 (North America) or 1-732/544-2873 (International) for SST's literature fax-on-demand service. Information can also be requested via email to sfoster@ssti.com or through SST's website at ssti.com. SST is located at 1171 Sonora Court, Sunnyvale, CA; telephone: 408/735-9110; fax: 408/735-9036.
The SST logo and SuperFlash are registered trademarks of SST. MTP is a trademark of SST.
All other trademarks or registered trademarks are the property of their respective owners.
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