$SNDK (SanDisk Corp.)

$SNDK {{ '2015-06-23T12:54:09+0000' | timeago}} • SEC

$SNDK Form 4: Michael Marks, Director of SanDisk Corporation, acquired 1,927 restricted stock units on June 18, 2015. Post transaction, he now owns 15,341 direct shares and 20,000 indirect shares via limited liability company.

$WDC {{ '2016-09-07T13:18:38+0000' | timeago}} • Announcement

$WDC revised its 1Q17 expectations to take into account its acquisition of $SNDK. The company now expects its 1Q17 revenue to be in the range of $4.45-$4.55Bil compared to its earlier forecast of $4.4-$4.5Bil. $WDC now expects 1Q17 EPS, on a non-GAAP basis to be in the range of $1.00-$1.05, compared with its earlier forecast range of $0.85-$0.90.

$WDC {{ '2016-07-28T22:04:53+0000' | timeago}} • Webcast

Needham & Company analyst Richard Kugele questions $WDC whether it will give a combined number for OpEx going forward with regards to integration. CEO Stephen Milligan says that the company will only be providing total OpEx guidance and will not be providing separate legacy $WDC or legacy $SNDK as it moves through the integration process.

$WDC {{ '2016-07-28T21:48:36+0000' | timeago}} • Webcast

$WDC said that its 4Q16 revenue was $3.5Bil. Including the $SNDK ownership, the company's non-GAAP GM was 31% and OpEx totaled $691MM. Interest and other expense for the quarter included $181MM of interest expense related to the debt for the $SNDK acquisition. Non-GAAP tax benefit was $24MM during the quarter.

$WDC {{ '2016-07-28T21:28:38+0000' | timeago}} • Webcast

$WDC said that it has been combining its HGST and WD subsidiaries since last Oct. in compliance with the Chinese Ministry of Commerce's decision. After closing the $SNDK acquisition, the company has made substantial progress in integrating all assets in the new Western Digital.

$SNDK {{ '2016-05-12T14:28:53+0000' | timeago}} • Announcement

$WDC said it completed the acquisition of $SNDK. The company also indicated that the debt financing associated with this transaction has been consummated and that the previously obtained funds from this financing have been released from escrow to $WDC.

$WDC {{ '2016-05-10T13:09:20+0000' | timeago}} • Announcement

$WDC said it received regulatory approval from China's Ministry of Commerce in connection with the planned acquisition by Western Digital Technologies, a unit of $WDC, of $SNDK. The decision completes the regulatory review process required for this transaction, the company said. $WDC expects the transaction to close on May 12.

$WDC {{ '2016-04-29T08:45:57+0000' | timeago}} • Webcast

For 4Q16, $WDC expects revenue to be $2.6-2.7Bil. Excluding the impact of interest expense from debt financing related to the $SNDK acquisition, company expects non-GAAP EPS to be $1.00-1.10. Non-GAAP GM is expected to be up from 3Q16. OpEx is expected to be about $475MM for 4Q16.

$SNDK {{ '2016-04-28T22:02:17+0000' | timeago}} • Announcement

CEO Steve Milligan said computer usage continues to shift from PCs to mobile devices and enterprise workloads are moving increasingly to cloud-based architectures. After completing the acquisition of $SNDK, $WDC will be better positioned to address and capitalize on these changes and opportunities, he added.

$SNDK {{ '2016-04-12T05:35:12+0000' | timeago}} • SEC

In Feb. 2016, $SNDK's Compensation Committee approved the grant of RSUs to the principal executive officer, principal financial officer, and 3 other individuals who were serving as executive officers as of last day of FY15. The RSUs vest and result in the annual issuance of stock over a 4-year period following the grant date.

$HPE {{ '2016-04-12T05:34:01+0000' | timeago}} • SEC

In 2015, $SNDK signed strategic agreements with SK Hynix, $HPE, and Toshiba Corporation. Company also entered into a merger agreement with $WDC, giving $SNDK an equity value of about $17Bil. In 4Q15, $SNDK began initial shipment of 48-layer, 3-bits-per-cell 3D NAND technology in retail products and for OEM customer samples.

$SNDK {{ '2016-04-12T05:25:36+0000' | timeago}} • SEC

$SNDK's FY15 revenue fell 16% from FY14, impacted by product and market factors. Combined revenue from enterprise and client solid state drive solutions was 24% and removable products was 40% of FY15 revenue, versus 29% and 38% respectively in FY14.

$SNDK {{ '2016-03-31T04:07:12+0000' | timeago}} • Announcement

$WDC intends to use the proceeds from the notes offerings, along with proceeds from other financing deals, to finance the proposed merger with $SNDK, refinance indebtedness of $WDC and $SNDK, and pay related fees and expenses.

$RHT {{ '2016-03-29T14:25:17+0000' | timeago}} • Announcement

$RHT and $SNDK announced a strategic alliance aimed at bringing combined benefits of Ceph and flash storage to enterprise customers. As part of the alliance, $RHT Ceph Storage will be offered as the preferred Ceph solution for the latest InfiniFlash storage system from $SNDK.

$SNDK {{ '2016-03-18T11:21:42+0000' | timeago}} • Announcement

$WDC said it announced proposed offerings of $1.5Bil of senior secured notes due 2023 & $4.1Bil of senior unsecured notes due 2024. The company intends to use the proceeds from the offerings to finance the previously announced proposed merger with $SNDK, refinance indebtedness of Western Digital and SanDisk and pay related fees and expenses.

$SNDK {{ '2016-03-15T16:51:50+0000' | timeago}} • Announcement

Computer data storage company $WDC said its shareholders have voted to approve the issuance of its common stock linked with the acquisition of $SNDK. Also $SNDK shareholders have voted in favour of the merger with $WDC.

$SNDK {{ '2016-02-23T12:55:33+0000' | timeago}} • Announcement

$WDC expects to achieve total annual run-rate synergies of $500MM within 18 months post-closing of the $SNDK acquisition, and about $1.1Bil by 2020. $WDC expects to achieve rapid deleveraging, reducing debt by $3Bil within a short period of time after the closing of the deal. The $SNDK deal is expected to close in 2Q16.

$SNDK {{ '2016-02-23T12:55:06+0000' | timeago}} • Announcement

On the $SNDK acquisition, $WDC said that $SNDK shareholders will receive alternate consideration as per the deal. Under the agreement terms, if the Unis Union deal has not closed or has been terminated by the time of completion of merger, $WDC will pay $67.50 per share in cash and 0.2387 shares for every $SNDK share.

$SNDK {{ '2016-02-22T18:01:01+0000' | timeago}} • SEC

As of January 3, 2016, $SNDK had cash, cash equivalents and short-term marketable securities of $4.01Bil. As of January 3, 2016, working capital balance was $3.7Bil. During 2016, $SNDK expects total capital investment to be approx. $1.7-1.8Bil, including net capital investments in Flash Ventures and the investment in non-fab property and equipment.

$SNDK {{ '2016-02-22T17:57:44+0000' | timeago}} • SEC

As of the end of 2015, $SNDK's backlog was $301MM. In 2015, revenue from the top 10 direct customers and licensees accounted for approx. 44%. In 2015, one customer, Apple Inc. accounted for 14% of the company's revenue.

$SNDK {{ '2016-02-22T17:49:27+0000' | timeago}} • SEC

In 2015, $SNDK's Removable revenue decreased 11% and Embedded revenue dropped 12% versus 2014. Enterprise Solutions revenue grew 10% while Client SSD Solutions revenue fell 50%. Other revenue decreased 4%, driven by lower sales of wafers and components, partially offset by higher license and royalty.

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