Saturday, July 02, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
BMW Group, Intel and Mobileye Team Up to Bring Autonomous Driving to Streets by 2021
Nvidia Says New GeForce GTX 1060 Is Faster Than AMD's Radeon TX 480
Micron To Reduce Workforce Following Slow Third Quarter Results
Apple in Talks to Buy Tidal: Report
U.S. Authorities To Investigate Tesla's Crash in Autopilot Mode
Oracle To Pay HP $3 billion In Itanium Case
ZTE To Invest $180 Million In Tech Start-ups
Alliance Storage Technologies Releases New NETArchive NAS Storage Solution
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > SanDisk...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 31, 2006
SanDisk To Acquire Msystems


SanDisk and msystems today entered into definitive agreements for SanDisk to acquire msystems in an all stock transaction.

This combination joins together two flash memory pioneers with complementary products, customers and channels.

?SanDisk and msystems, over the past 18 years, have been leading innovators in the flash storage market. This strategic acquisition will give us the critical mass and complementary products, customers, channels, technology and manufacturing base to take our shared vision to the next level. The NAND flash data storage business is in its early stages and we believe the market opportunity is largely untapped,? said Eli Harari, Chairman and CEO of SanDisk. ?msystems is a leader in flash memory systems addressing mobile, portable and embedded markets and they have a strong team, significant IP and important OEM customers. SanDisk has a record of creating new market categories, world-class manufacturing capabilities and leading market share in the retail channel. In the near term, this transaction better positions SanDisk to serve the expanding storage needs of handset manufacturers and mobile network operators. In the long term, the combination with msystems will be a catalyst in the development of next generation flash enabled consumer applications. We are extremely excited about joining forces with the msystems team to achieve our shared vision. We are committed to serving msystems? OEM customers after the transaction closes.?

In the transaction, each msystems ordinary share will be converted into 0.76368 of a share of SanDisk common stock, representing a 26% premium over the average closing price of msystems? shares for the last thirty trading days. The closing of the transaction is subject to conditions, including, among others, Israeli court approval, regulatory approval and msystems shareholder approval. The transaction is expected to close in the fourth quarter of 2006.

In addition, msystems intends to release its second quarter 2006 financial results on Monday, August 7, 2006 during pre-market hours.


Previous
Next
NEC Develops New Design Method for High Speed LSI with More than 50 Million Transistors        All News        French Copyright Law Gets Tougher
Microsoft Submitted Documents to Avoid Fine     General Computing News      French Copyright Law Gets Tougher

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Launches Ultra-fast 256GB microSD Cards
SanDisk Releases Faster, Higher Capacity USB Type-C Flash Drive
China Approves Sandisk Acquisition By Western Digital
SanDisk Z410 Is A Half-Terabyte SSD For Everyday Computing
SanDisk Releases New Flash Drive for iPhone and iPad
SanDisk Unveils microSD Card For GoPro
Western Digital to Buy SanDisk For $15.8 Billion
SanDisk Launches Ultra-fast Extreme PRO microSDXC, New Mobile Flash Drive for USB Type-C Devices
Europe Clears Acquisition of SanDisk by Western Digital
SanDisk at CES 2016
SanDisk and Supermicro Form Strategic Alliance
Western Digital Buys Sandisk For $19 Billion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .