Feeds

Micron, Hynix deal to be announced next week?

Unlikely

  • alert
  • submit to reddit

When will Micron make a bid for Hynix's memory operation - assuming, of course, it decides to do so? Officially, neither Hynix nor Micron will offer any guidance as to when investors and observers should expect an offer, but at least one member of the committee overseeing Hynix's recovery claims it could come as early as next week.

"We predict Micron will come back with an offer if we stick to the schedule," said Lee Kwang Seok, an official at the Hynix Restructuring Committee, the body formed by the ailing chip maker's creditors to manage the company's immediate future. That could happen next week, he suggested.

However, a more circumspectd Choi Soo, the Restructuring Committee's secretary general, cited by Bloomberg, said that his colleague couldn't know and shouldn’t have said when Micron will table an offer.

Right now, the two companies involved will only admit that Micron's investigatory team has returned to the US, and that a framework for negotiations has been agreed. Hynix's chief executive, Park Chong Sup, will lead his company's negotiators. On 3 December, he said initial, exploratory talks would be complete by the end of the month. In the event, they were completed last week.

Even so, it would be surprising indeed if Micron made an offer next week. We may hear that it has decided not to pursue a deal with Hynix, but anything more than a statement that negotiations will begin shortly is unlikely. Both companies said on Monday that if negotiations do take place, we won't hear the results announced until the end of the year. As the HP-Compaq deal shows, it takes a long time to organise a merger. And that's from the time the two companies agree to pursue such a course - Micron and Hynix haven't even got that far yet. ®

Related Stories

Micron, Hynix to spill beans on alliance by year's end
Micron, Hynix confirm talks

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.