Monday, May 16, 2011

Pliant Technology is committed to buy SanDisk for U.S. $327 Million

SanDisk, said this morning that it was agreed Pliant Technology, a manufacturer of Enterprise Solid State Drive for the purchase of 327 million dollars in cash incentives and equity. The deal should close by the end of the second quarter. The company said Pliant is a leader in the use of multi-level cell - MLC - SSD NAND business.

Flash memory is a significant advance in the company to increase application performance and reduces power consumption, CEO of SanDisk Sanjay Mehrotra statement. We believe that the combination of innovative technologies and knowledge in the system of quality, level of activity of SanDisk, the value of the proposed MLC memory for customers to win.

SanDisk expects a lot of water, non-GAAP profit of 2% to 3% of income taxes in 2011 and based on the positive fiscal 2012 GAAP. Investors in Milpitas, California, children in different Arctura Capital Ventures, Lightspeed Venture Partners and Menlo Ventures. SNDK this morning was $ 1.77, or 3.8%, to $ 48.26.

0 comments:

Post a Comment

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Sweet Tomatoes Printable Coupons