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Fortune Magazine ranks SanDisk in top 10
Dennis Hissink : August 25th 2005 - 21:00 CET
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 Fortune Magazine ranks SanDisk in top 10 : SanDisk Corporation, the world's largest supplier of flash storage card products, announced it has been named to Fortune Magazine's annual list of America's Fastest Growing Companies, ranking 8 out of the 100 companies listed. The list can be found in the September 5, 2005 issue of Fortune Magazine. SanDisk posted record revenues for 2004, with total revenue at $1.8 billion, up 65% from $1.1 billion in 2003. Net income was $267 million, up 58% from net income of $169 million in 2003 and fully diluted earnings per share for fiscal 2004 were $1.44, compared to $1.02 in 2003. The goal of SanDisk is to establish SanDisk as a global consumer-branded powerhouse in the coming decade."
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 SanDisk - Fortune Magazine
"SanDisk is pleased to be recognized by Fortune Magazine as one of the nation's top 100 fastest-growing companies," said Eli Harari, president and CEO of SanDisk Corporation. "The company delivered excellent top and bottom line financial results in 2004, demonstrating the broad acceptance of our flash storage products by consumers worldwide. In the coming few years we expect substantial growth in the emerging consumer markets that we address, including increased adoption of flash cards in the mobile phone market to store music, pictures and video, the flash music player and smart USB flashdrive markets and the exciting market for our cards in video game consoles.
Fortune Magazine - In-depth research
To compile the list, Fortune Magazine asked Zacks Investment research to screen for U.S. companies with a market cap of $50 million, at least $50 million in revenues over the past four quarters, 25% or better annual growth in sales and earnings per share over the past three years and a few other traits. The final ranking reflects growth in revenues, EPS and total market return for three years.
About SanDisk
SanDisk is the original inventor of flash storage card products, and is the world's largest supplier of flash data storage card products, using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Sunnyvale, CA and has operations worldwide, with more than half of its sales outside the U.S.
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