Monday, SanDisk Corporation (SNDK), a supplier of flash data storage card products, and Sony Corporation, (SNE), a manufacturer of audio, video, game, communications, key device and information technology products, announced that they have agreed to a Memorandum of Understanding with the intention of developing the SxS memory card specification, with high-speed transfer technology compliant to the ExpressCard industry standard.The companies said that SxS (S-by-S) memory card specification uses flash memory, and the card connects directly to computer systems through the high-speed PCI-Express bus. Sony said it intends to adopt this high-speed SxS memory card specification in its "XDCAM EX" series professional camcorders. SxS memory cards from SanDisk and Sony are expected to be available later in 2007.The companies said that SxS memory cards are the first native PCI Expresssolid-state storage media. PCI Express has a maximum data transfer speed of 2.5 gigabits per second, twice as fast as PC Card-based storage media.In addition, the companies said that they have optimized the technology protocol for controlling communication between hardware and SxS memory cards to enable high-speed transfer of large files, such as high-definition video, to PCs for non-linear video-editing. The target transfer speed of SxS memory cards is 800 megabits per second.Furthermore, the SxS memory card specification uses ExpressCard(TM)/34 modules (width: 34mm, height: 5mm, length: 75mm), half the size of PC Cards. This enables the design of professional camcorders that are smaller and lighter, while still offering high storage capacities.SNDK closed Friday's regular trading session at $43.35. In after hours SNDK declined $0.07 and traded at $43.28. SNE closed Friday's regular trading session at $54.95.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.