SanDisk 1999 Annual Report Download - page 47

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THE BOARD OF DIRECTORS AND STOCKHOLDERS
SANDISK CORPORATION
We have audited the accompanying consolidated balance sheets of SanDisk Corporation as of December 31, 1999 and 1998, and the
related consolidated statements of income, stockholders’ equity, and cash flows for each of the three years in the period ended December
31, 1999. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial statements and
schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements
and schedule based on our audits.
We conducted our audits in accordance with generally accepted auditing standards in the United States. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall finan-
cial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial
position of SanDisk Corporation at December 31, 1999 and 1998 and the consolidated results of its operations and its cash flows for each
of the three years in the period ended December 31, 1999, in conformity with generally accepted accounting principles in the United
States. Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken
as a whole, presents fairly in all material respects the information set forth therein.
San Jose, California
January 25, 2000
44 Annual Report 1999
REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS