Exhibit 99.1

SanDisk Corporation
Condensed Consolidated Balance Sheets
(In thousands)

	January 1, 2006			October 2, 2005
ASSETS	(unaudited)			(unaudited)			January 2, 2005*
Current Assets:
Cash and cash equivalents	$	762,058		$	764,612		$	463,795
Short-term investments		935,639			890,938			859,175
Investment in foundries		18,338			19,410			20,398
Accounts receivable, net		329,014			211,219			194,535
Inventories		331,584			286,878			196,422
Deferred tax asset		95,518			77,250			83,150
Other current assets		103,584			37,022			62,653
Total current assets		2,575,735			2,287,329			1,880,128
Property and equipment, net		211,092			179,822			147,231
Notes receivable, FlashVision		61,927			64,442			35,413
Investment in foundries		11,013			8,611			14,377
Investment in FlashVision		161,080			166,041			178,681
Investment in Flash Partners		42,067			21,461			24,192
Deferred tax asset		—			16,275			1,861
Other non-current assets		57,273			35,543			38,297
Total Assets	$	3,120,187		$	2,779,524		$	2,320,180
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current Liabilities:
Accounts payable	$	231,208		$	146,317		$	82,974
Accounts payable to related parties		74,121			71,160			48,115
Accrued payroll and related expenses		55,614			46,230			41,786
Income taxes payable		2,165			17,382			39,139
Research and development liability, related party		4,200			5,000			5,549
Other current accrued liabilities		53,546			44,336			45,584
Deferred income on shipments to distributors and retailers and deferred revenue		150,283			170,634			90,307
Total current liabilities		571,137			501,059			353,454
Deferred revenue and non-current liabilities		25,259			19,662			26,576
Total Liabilities		596,396			520,721			380,030
Commitments and contingencies
Stockholders’ Equity:
Common stock		1,622,007			1,484,927			1,406,553
Retained earnings		906,624			772,710			520,240
Accumulated other comprehensive income		2,635			8,921			18,893
Deferred compensation		(7,475	)		(7,755	)		(5,536	)
Total stockholders’ equity		2,523,791			2,258,803			1,940,150
Total Liabilities and Stockholders’ Equity	$	3,120,187		$	2,779,524		$	2,320,180

*Information derived from the audited Consolidated Financial Statements.