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Kingston: $4.5B in 2007 Sales

Privately held Kingston Technology Co., the Fountain Valley-based maker of memory products for computers and consumer electronics, gave a glimpse at how it did last year.

For 2007, Kingston reported revenue of $4.5 billion, up 22% from 2006. The company doesn’t disclose profits.

“Reaching $4.5 billion is a remarkable achievement in the history of our company,” said John Tu, cofounder and president.

The boost in sales was driven by Kingston’s fast-growing flash memory business, the company said.

Roughly $1 billion in revenue came from flash last year, said spokesman David Leong.

Kingston got in to making flash memory back in 2003.

It competes with SanDisk Corp., the top maker of flash memory gear.

Earlier this year Kingston shifted its flash memory business into a separate unit called Kingston Digital Inc.

The unit makes memory cards for digital cameras, cell phones and other devices, plus USB drives and readers that allow memory cards to be read on computers.

Most of the company’s sales come from circuit boards with memory chips on them that go into computers.

Kingston, which got its start in 1987, has some 800 local workers.

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