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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (7154)	9/28/1999 3:42:00 PM
From: BillyG	Read Replies (1) \| Respond to of 60323

SanDisk Issues Statement On Taiwan Manufacturing Situation SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 28, 1999--Eli Harari, president and CEO ofSanDisk Corporation (NASDAQ:SNDK) today issued the following statement: "The latest information that we have is that the damage to the USC and USIC wafer fabs of the UMC Group where we manufacture our 128Mbit and 256Mbit flash wafers has been significantly less severe than originally estimated. Power at the UMC Group has been restored and 90 percent of the fab machinery has already returned to production. "Initial assessments are that between 8 and 10 percent of the SanDisk wafers in processing will have to be scrapped. We expect shipments of production wafers to resume in the next 2 to 3 days. "Assuming that the production interruption at UMC Group is contained to less than two weeks, which now appears to be the case, and that there are no significant power interruptions or major new aftershocks, we expect to be able to use our existing inventory of wafers and die bank to make up for the temporary shortfall of wafers in the fourth quarter. "The other major facility in Taiwan, at SPIL, where we do the majority of our MultiMediaCard assembly is now fully back in production. "On a personal note, I am relieved that there was no loss of lives or injuries to the people working at UMC and SPIL. These people are courageous, resourceful and highly dedicated. They are working around the clock to make a remarkable recovery under extremely difficult circumstances. We are proud to be their partner." The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Factors That May Affect Future Results" in the company'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. 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. SanDisk's web site/home page address: sandisk.com. CONTACT: SanDisk Corporation Bob Goligoski, 408/542-0463 bgoligoski@sandisk.com or Nelson Chan, 408/542-0456 nchan@sandisk.com