Feeds

Memory Corp licenses IP rights to Taiwanese, US companies

Will expand presence in the US market, CEO says

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Memory Corp has licensed elements of its intellectual property rights to a Taiwanese and a US company. At the same time, it has revealed it will expand its presence in other territories, including the US. The UK company, which is listed on the AIM stock exchange, signed a deal with Vincom, in which the Taiwanese company will pay Memory Corp an upfront fee in addition to royalty payments. It also signed a deal with Sunnyvale company Modern Media Memory (MMM). This is a FLASH memory licensing and distribution agreement where MMM will use the Memorys controller in all future FLASH card designs. DMC, a joint venture between Memory Corp and distributor Datrontech, will distribute the cards in Europe. David Savage, CEO of the company, said that he was looking to expand Memory Corp business, which has grown 500 per cent year on year, into the US. "Our relationship with Datrontech is working very well. The question is how you get to market and to customers and we needed some channels to market," he said. "We're using intellectual property and trying to avoid owning large amounts of memory technology," Savage said. "We have a very strong presence in Europe, in Taiwan, and in Japan where Sumitomo represents us," he said. "We have less of a presence in the US." The company turned over £10 million in the first half of 1998, and its next quarterly results will arrive in the second week of October. He said that the memory business had definitely reached the bottom and that Memory Corp was seeing 64Mbit parts stabilise. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.