Sansa Nation

With all the rumors of Samsung buying SanDisk SanDisk has issued the following response:

MILPITAS, Calif. –(Business Wire)– In response to media reports, SanDisk(R) Corporation (NASDAQ:SNDK), the world’s largest supplier of flash storage card products, has issued the following statement:

“SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.”

-Ray

[Source: hdvoice]

Popularity: 3% [?]

The largest maker of flash memory chips in the world Samsung is thinking of buying memory card rival SanDisk. This isn’t the first time rumors of a SanDisk buyout were heard, recently it was thought SeaGate was to buy SanDisk to gain more of the solid-state drive market share. Samsung pays SanDisk about $500 million a year in royalties thanks to SanDisks patents on most of the memory chip technology on the market, this may be a major reason for the buyout. If you own SanDisk then you won’t have to fork out all the money for royalties. This buyout might not be a good idea for Samsung however as they would hold so much market share that an anti-trust case could be made against them.

-Ray

[Source: marketwatch]

Popularity: 3% [?]