SanDisk is a leading supplier of flash memory cards, which allow digital cameras and other devices to keep their data when the power’s turned off.
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SanDisk, was founded in 1988 by Dr. Eli Harari who is still chairman of the board and CEO. The company manufactures and distributes NAND (flash memory) chip based products such as flash cards, USB drives, and solid state drives. In addition, SanDisk receives royalty revenue from various NAND chipmakers and OEMs such as Samsung. SanDisk has a joint venture NAND chip fabrication with Toshiba in Japan. SanDisk is the best in the memory chip sector. Valuation is great, esp. after the sell-off. Margins are huge and the prospects for the second half of 2012 are marvelous. The balance sheet is strong, with 4 billion (1/3 of its market cap) net cash. Botom line: the growing tablet market needs flash drives.