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Samsung has reportedly dropped its $5.9 billion bid for SanDisk. According to Reuters, Samsung CEO Lee Yoon-woo wrote a letter to SanDisk management, informing them that due to their third quarter loss and recent renegotiation with Toshiba, Samsung is no longer interested in acquiring SanDisk at $26 per share.
"Your surprise announcements of a quarter billion dollar operating loss, a hurried renegotiation of your relationship with Toshiba and major job losses across your organization all point to a considerable increase in your risk profile and a material deterioration in value, both on a stand-alone basis as well as to Samsung," Samsung CEO Lee Yoon-woo wrote to SanDisk management in a letter disclosed on Wednesday.
"As a result of these developments, we are no longer interested in acquiring SanDisk at $26 a share."
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Super Talent recently announced the launch of its new Luxio family of USB flash drives. Available in 16GB, 32GB and 64GB capacities, the Luxio features AES-256 hardware encryption and comes in three colors: black, silver and wood grain. The drives will begin shipping this week with the 64GB version retailing for about $149.
Super Talent Technology, a leading manufacturer of Flash storage solutions and DRAM memory modules, today launched a new family of high performance, feature rich Luxio USB drives in capacities up to 64GB.
A 64GB Luxio drive can store as many as 20,000 six megapixel photos or 16,000 MP3 songs. Luxio drives are housed in a sleek 21 x 76 x 10 mm UV coated ABS/PC case with chrome plated zinc trim. All models include advanced AES-256 hardware encryption as a standard feature for fast, convenient data security. Offered in three colors, black, silver and wood grain, Luxio drives are packaged in an elegant gift box and also include a custom made black leather carrying case.
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SanDisk announced today that it has entered into an agreement with Toshiba to sell about 30% of its stake in the companies two flash memory joint ventures. Once the deal is complete, Toshiba will be the sole owner of 30% of the total production capacity, with the remaining 70% split equally between the two companies. While financial details have not been announced, SanDisk expects to receive cash and cut equipment lease obligations by about $1 billion.
SanDisk® (NASDAQ:SNDK) announced today that it has entered into a non-binding memorandum of understanding (MOU) with Toshiba Corporation to sell approximately 30 percent of the current manufacturing capacity of the parties’ joint ventures to Toshiba. The move will significantly reduce SanDisk’s capital spending, further strengthen its balance sheet and reduce NAND flash memory production commitments. SanDisk expects to receive cash and reduce equipment lease obligations by approximately $1 billion through this transaction.
SanDisk and Toshiba will continue to be equal partners for the approximately 70 percent capacity of the Fabs that remain in the joint ventures. SanDisk will have the option to purchase a part of the transferred capacity from Toshiba on a foundry basis and will continue to invest up to 50% in future Fab 4 expansions and technology transitions in Fabs 3 and 4. The parties will continue their existing joint technology development in advanced NAND and 3D read/write memory. SanDisk expects the transaction to be completed in the first quarter of 2009.
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SanDisk announced today that it has added anti-malware protection from McAfee to its line of Cruzer Enterprise USB flash drives. This "always on" safeguard blocks malware, even when the device is used outside of the firewall. Its automatic anti-malware scan also prohibits file transfers to secure USB drives from infected PCs.
SanDisk Corporation (NASDAQ: SNDK) and McAfee, Inc. (NYSE: MFE) today announced SanDisk Cruzer Enterprise with anti-malware protection from McAfee. In addition to protecting corporate USB flash drive users from data leaks, the solution includes the McAfee® Scan Engine, which offers advanced heuristic analysis for comprehensive detection of both known and unknown threats. Expected to be available before year’s end, this “always on” safeguard blocks malware from entering the secure USB flash drive even when the device is used outside of the firewall.
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Intel has begun to ship its new enterprise-class solid-state drives (SSDs). The Intel X-25E Extreme SATA Solid-State Drive features 50nm single-level cell (SLC) NAND flash memory and is capable of 250MB/s read and 170MB/s write speeds. The 32GB capacity drive is in production and is priced at $695. A 64GB version is expected to go into production in the first quarter of 2009.
Intel Corporation has begun shipping its highest-performing solid-state drive (SSD), the Intel® X-25E Extreme SATA Solid-State Drive, aimed at server, workstation and storage systems. Unlike mechanical drives, the SSDs contain no moving parts and instead feature 50nm single-level cell (SLC) NAND flash memory technology. Systems equipped with these drives will not suffer from the performance bottlenecks associated with conventional drives. By reducing the total infrastructure, cooling and energy costs, SSDs can lower total cost of ownership for enterprise applications by more than five times.
“Hard disk drive performance has not kept pace with Moore’s Law,” said Kirk Skaugen, general manager, Intel Server Platforms group. “Intel’s high-performance SSDs unleash the full performance of the latest Intel Xeon processor-based systems while increasing reliability and lowering the total cost of ownership for a broad range of server and storage workloads.”
