MemCorp preps MP3-Go launch, raises new money

Internet appliances are its new bag

Memory Corporation is raising $10.25 million (before expenses) to help fund the transition from DRAM-only business into Internet appliances developer. The EASDAQ-quoted company is getting the money through a placing of 450,000 Global Depository Receipts, representing 11.25 million ordinary shares, at $22.50 each. It has appointed Datrontech to orchestrate the British retail roll-out of its MP3-GO suite of products. European, US and online retail appointments are expected shortly. ® You can find out more about Memory Corp's MP3-GO here.

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