SanDisk Corporation Buyback
OLI recorded this information on 1/22/2015
SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today announced that its Board of Directors has authorized an additional $2.5 billion for common stock repurchases under the company's existing stock repurchase program. The company began its capital return program in the fourth quarter of fiscal 2011, and since that time the Board of Directors has authorized a total of $6.25 billion for stock repurchases including the additional authorization announced today. The company now has approximately $3.0 billion remaining available for stock repurchases under the expanded program.
SanDisk designs, develops and manufactures data storage applications in a range of form factors using flash memory, controller, firmware and software technologies. Co.'s solutions include a range of solid state drives, embedded products, removable cards, universal serial bus, drives, wireless media drives, digital media players, and wafers and components. Co. provides software solutions that can be used in conjunction with flash storage products to optimize performance in computing and data center environments. Co. also generate license and royalty revenue related to its intellectual property. The majority of Co.'s products use firmware that is developed in-house.
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Hold (2.06 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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