Replies to post #438892 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

----------------> MU and INTC have created a new company to manufacture NAND Flash Memory
MU and INTC announced they have agreed to form a new company to manufacture NAND flash memory for use in consumer electronics, removable storage and handheld communications devices. The new company will exclusively manufacture product for Micron and Intel. Formation of the company is subject to customary closing conditions and is expected to be finalized around the end of the year. The new company will be named IM Flash Technologies, LLC. :theflyonthewall

[newyorkhusker]

This just from Briefing.com may have caused the big downdraft...

09:02 AAPL Apple announces long-term supply agreements for flash memory, to prepay $1.25 bln (64.56 )

Apple says it has reached long-term supply agreements with Hynix, Intel (INTC), Micron (MU), Samsung Electronics and Toshiba (TOSBF) to secure the supply of N.A.N.D. flash memory through 2010. As part of these agreements, Apple intends to prepay a total of $1.25 bln for flash memory components during the next 3 mos.