Feeds

Micron dishes out $680m bid for Lexar

Lends a helping NAND

Business security measures using SSL

Memory chip maker Micron has laid out close to $680m in stock to buy Lexar Media.

The acquisition would give Micron a leg up in the NAND flash market and potentially improve Lexar's competitive position against SanDisk. Lexar investors appeared most receptive to the idea, sending shares up 22 per cent - just past the premium Micron agreed to pay for the company. Meanwhile, Micron shares lost 2 per cent, and SanDisk shares sank 6 per cent.

SanDisk currently has a solid deal in place with Toshiba to source NAND memory. This has helped SanDisk lower costs of its flash-memory cards, which slot into all kinds of devices such as cameras, cell phones, and MP3 players.

Should the acquisition go through, Lexar could get its NAND memory right from Micron instead of dealing with current supplier Samsung. This would help Lexar battle SanDisk.

"Through this acquisition, we expect to better align Lexar's cost structure with business conditions and increase our development and go-to-market scale in order to compete more effectively," said Eric Stang, the CEO at Lexar. "By merging with Micron, Lexar can achieve significant cost synergies and become better positioned to satisfy customer needs and establish faster growth, especially in new emerging mobile handset and solid- state computing businesses."

The deal faces shareholder approval and other standard approvals. It could close by the end of the third quarter if all goes as planned. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.