Friday, June 23, 2006

Micron Takes Lexar

Finally, one of the biggest deals in the flash memory industry has materialized. The $850 million dollar deal has been approved and now Micron, the surviving company, will become a major player in the flash memory industry at a time when demand is just heating up.

The timing of Micron couldn't have been better as an impending surge of demand for flash memory devices is expected as MP3 players are ordering them at a tremendous pace. As what is reported yesterday, the scene will get hotter with the new iPod being based on high capacity flash memory.

"'We believe Lexar's retail products and channel relationships complements Micron's manufacturing capabilities and allows access to the data card market in addition to the wireless and portable media markets they are already addressing,' wrote Credit Suisse analyst Michael Masdea in a client note."

Source: Micron's Lexar Buy Looks Like A Good Fit

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posted by Henry Marcos at 3:14 AM

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