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Monday, January 23, 2012

Elpida says won't comment on rumours after merger report, (NASDAQ: MU)

Japan's Elpida Memory Inc said it would not comment on rumours after "several speculative reports", including a Yomiuri newspaper report on Tuesday that it was in the final stage of talks to merge with U.S. firm Micron Technology Inc and Taiwan's Nanya Technology Corp. An Elpida spokesman added that parts of the Yomiuri's report were inaccurate, but declined to be more specific.

Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Shares of MU traded higher by 1.35% or $0.105/share to $7.86. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 32299000 shares of MU exchange hands on a given day and today's volume is recorded at 33182008.



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