LEXR Lexar Media (MM)

Lexar Media, Inc. (Nasdaq:LEXR) today announced that as a result of the recent announcement regarding the execution of a definitive merger agreement with Micron Technology, Inc., it will no longer host its fourth quarter and year end conference call scheduled for Tuesday, March 14 at 2:00 p.m. EST. The company expects to release its results via an 8-K filing with the Securities and Exchange Commission by March 14, 2006. About Lexar Media, Inc. Lexar is a leading marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets. The company holds over 94 issued or allowed controller and system patents, and licenses its technology to companies including Olympus Corporation, Samsung Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar sells its memory cards worldwide and through an exclusive agreement, also sells memory cards under the Kodak(R) brand. Headquartered in Fremont, California, Lexar has operations in countries around the world. More information is available at www.lexar.com. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. These forward-looking statements include, among others, statements related to the anticipated timing for reporting our financial results for the fourth quarter and year ended December 31, 2005. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include: that the determination of our financial results for the fourth quarter and year ended December 31, 2005, including the impact of various factors on our net loss and gross margins, could be delayed. Readers should also refer to the risk factors described in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for our fiscal quarter ended September 30, 2005, filed with the Securities and Exchange Commission on November 9, 2005. We assume no obligation to update the forward-looking information contained in this news release. Lexar and the Lexar logo are trademarks of Lexar Media, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.