EXHIBIT 12.1

SanDisk Corporation

Computation of Ratio of Earnings to Fixed Charges

	Fiscal Years Ended															Nine Months Ended
	December 28, 2003			January 2, 2005			January 1, 2006			December 31, 2006			December 30, 2007			September 28, 2008
Computation of Earnings:
Earnings (loss) before provision for income taxes	$	241,881		$	423,200		$	613,307		$	430,708		$	398,416		$	(300,539	)
Fixed charges		8,565			9,725			1,801			11,934			19,323			13,739
Equity income from 50%-or-less-owned affiliates		(148	)		(659	)		(718	)		(2,498	)		(5,840	)		(2,254	)
Adjusted Earnings	$	250,298		$	432,266		$	614,390		$	440,144		$	411,899		$	(289,054	)
Computation of Fixed Charges:
Interest expense	$	7,640		$	8,526		$	17		$	9,506		$	16,339		$	11,755
Interest relating to lease guarantee of 50%-or-less-owned affiliates		–			–			538			–			615			–
Interest portion of operating lease expense		925			1,199			1,246			2,428			2,369			1,984
Fixed Charges	$	8,565		$	9,725		$	1,801		$	11,934		$	19,323		$	13,739
Ratio of earnings to fixed charges(1)		29.2x			44.4x			341.1x			36.9x			21.3x			–

(1)   Computed by dividing (i) earnings before taxes adjusted for fixed charges by (ii) fixed charges which include interest expense plus amortization of debt issuance costs, the portion of rent expense under operating leases deemed to be representative of the interest factor and interest relating to lease guarantees of 50%-or-less-owned affiliates.  In the nine months ended September 28, 2008, earnings were insufficient to cover fixed charges by $302.8 million.