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Analyst: Micron-Qimonda Deal Imminent

Stock quotes in this article: MU , QI , IFX , SNDK  

Micron(MU Quote) is moving closer to acquiring troubled memory chip rival Qimonda(QI Quote), industry sources say.

Gregory Wong, a memory analyst with Forward Insights, says his industry contracts have told him it's effectively a done deal.

The parties "meet on all the major issues," although the transaction has not yet been finalized, he said. ...

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