| Samsung courts SanDisk, promises mercy |
| 09-05-2008 20:13, 2 months ago |
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var digg_url = 'http://digg.com/tech_news/Samsung_courts_Sandisk_promises_mercy'; Samsung is reportedly looking into the acquisition of SanDisk Corp. A union of two Flash memory giants sure to get the attention Toshiba (SanDisk's partner-in-NAND) and that of anti-trusters from Korea to Intel . To makes matters even more interesting, Seagate was also courting SanDisk whose stock price has plummeted from $56 to just over $13 per share since this time last year. Hey investors, sounds like an ideal premise for a bidding war to us. Then again, we only took Econ101 to sit in a room with real live girls. In a comment on this market rumor and speculation, SanDisk just issued the following statement: "SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation." [Thanks, Genesis] Read -- Samsung's advances Read -- SanDisk's response Permalink | Email this | Comments |
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Source : Engadget
Category : IT Blogs News
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