InvestorsHub Logo
Followers 52
Posts 2539
Boards Moderated 9
Alias Born 08/30/2000

Re: None

Thursday, 07/12/2001 8:52:59 AM

Thursday, July 12, 2001 8:52:59 AM

Post# of 103
(Nasdaq:SNDK) SanDisk Corporation Wins Legal Decision as Court Rejects Mitsubishi Request for
Injunction to Stop Sale of SanDisk CompactFlash Cards in Japan


Business Editors

SUNNYVALE, Calif.--(BUSINESS WIRE)--July 12, 2001--SanDisk
Corporation (Nasdaq:SNDK) announced today that the Tokyo District
Court has ruled in favor of SanDisk K.K., a wholly-owned Japanese
subsidiary of SanDisk, by denying a petition filed by Mitsubishi Denki
Co. Ltd (Mitsubishi Electric). The petition had sought an injunction
to stop the sale of CompactFlash(TM) memory cards sold by SanDisk K.K.
in Japan. The court ruling was made June 28, 2001.
Mitsubishi Electric filed a petition for a preliminary injunction
with the Tokyo District Court on April 2, 2000, against SanDisk K.K.
regarding the sale of CompactFlash and PC cards. Mitsubishi claimed
that the cards infringed on three Mitsubishi Japanese patents
(Japanese patent numbers JP2099342, JP2129071 and JP2138047). During
the litigation, Mitsubishi withdrew two of the Japanese patents from
the litigation (JP2129071 and JP2138047) in response to prior art
introduced by SanDisk. Regarding the remaining Japanese patent
(JP2099342), the court rejected Mistsubishi's petition for a
preliminary injunction.
Charles Van Orden, general counsel for SanDisk, said, "The court's
ruling brings to an end a litigation that SanDisk has consistently
believed was unnecessary and ill-advised."
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.

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
companies assume no obligation to update the information in this
release.


:=) Gary Swancey

:=) Gary Swancey

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.