<< Read Full Article

SanDisk Beefs Up Flash Stash

Stock quotes in this article: SNDK , FLSH , MU  

Updated from 3:29 p.m. EDT

SanDisk's(SNDK Quote) arsenal of flash memory assets looks more formidable than ever following Monday's announcement of its plans to acquire MSystems(FLSH Quote) for $1.35 billion.

The deal strengthens SanDisk's position in two key markets for flash memory chips, provides it with significant intellectual property and gives it a promising technology that could dictate the future of flash -- all for what some analysts and investors consider a bargain.

The all-stock transaction values each share of MSystems at 0.76 of a share of SanDisk common stock, about a 13% premium from the price at Friday's close of market. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,469.99 1,110.39 2,209.11 36.03
Oil *
72.09
DOWN
31.06
DOWN
3.72
DOWN
2.99
UP
0.57
10 Yr
3.60%
SPDR Gold
110.14
-0.30%
-0.33%
-0.14%
+1.61%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services