SANDISK RESPONSE - 3/19/98
I have just returned from vacation in Mexico, and found the latest responses from SanDisk.
SANDISK DISCLAIMER
The matters discussed in this response contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended December 31, 1996, and quarterly report or Form 10-Q for the fiscal quarter ended September 30, 1997, filed with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this response.
Question: Jerome Wittamer
Can you provide some insight as to how the spending of the secondary offering is going? e.g. amount/percent in what areas?
Response:
The proceeds of the secondary offering have been comingled with SanDisk's other funds and, therefore, we cannot give you any information as to the allocation of the offering. Information with respect to spending and cash usage can be found on the statement of cash flows that is published with our quarterly 10-Q document.
Response evasive, as expected.
Question: Jim Ley
Does the new SMART Modular 128 MB Flash IDE interface use SanDisk flash technology (SMOD)?
Response:
No. Smart Modular is not a SanDisk customer.
Question: Limtex
There was a recent Kodak camera announced. The announcement did not mention CF. Is SanDisk looking at a new series of designs that don't include CF? Or did Kodak just forget to mention CF?
Response:
Earlier this month, Kodak introduced the DC200 digital camera. It has a slot for CompactFlash cards. This is the fifth Kodak digital camera that uses CF cards. Kodak is a SanDisk customer and buys CF cards that are later sold under the Kodak label. Kodak continues to give its full support to CompactFlash.
Question: Limtex
Have any automobile companies started to include CF in their automobiles (e.g. dash)? If not, have they stated any intentions to do same?
Response:
Your question probably stems from Microsoft's announcement last month of the Auto PC. The Auto PC has built-in support for CompactFlash memory cards. As the Auto PC reference design has just been announced, automotive companies have not yet introduced new vehicles with an Auto PC. But at least 14 auto makers (including Nissan and Volkswagen) and after-market electronic vendors have announced their support for the Auto PC.
Question: Jim Ley
Regarding the 3COM Palm Pilot, Rocky, will it use SanDisk Flash Technology? 2Mb to 4Mb upgrade available for PalmPilot along with a communication link?
Response:
The 3COM Palm Pilot, Rocky, has not been introduced. As a policy, SanDisk does not comment on the unannounced products of other companies.
Question: Jim Ley
Qualcomm recently closed a $240 million deal to sell palm size phone sets. Does SanDisk benefit from this sale? We did read an article on the Business Wire 11/5/97 that announced that Qualcomm and other companies announced support for MMC with intentions to use it in future telecommunications products.
Response:
SanDisk is not involved in the specific deal you refer to. QUALCOMM has announced its support for the MMC with intentions to use it in upcoming telecommunications products. |
