LEXAR DROPS ALL CLAIMS AGAINST SANDISK RELATED TO THE COMPACTFLASH ASSOCIATION

SanDisk Corporation (NASDAQ:SNDK) announced today that Lexar Media Inc., in response to a motion to dismiss filed by SanDisk, has dropped all claims against SanDisk related to the CompactFlash Association (CFA). Lexar agreed to remove any allegation that SanDisk used its position in the association to engage in unfair competition, commit trade libel or interfere with Lexar's prospective business advantage.