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Tuesday, January 17, 2012

Elpida to seek capital tie-up with U.S. Micron -report, (NASDAQ: LEDR), (NASDAQ: MU)

Japanese chipmaker Elpida Memory will seek a capital tie-up with U.S. rival Micron Technology as it struggles with a deteriorating market and stiff competition from South Korean competitors, the Yomiuri newspaper reported on Wednesday.Elpida, Japan's last remaining player in the market for dynamic random-access memory (DRAM) chips used in personal computers, is battling tumbling prices in the hotly competitive market as customers switch to tablets which use flash memory chips.Elpida has informed its main bank of its aim to establish an alliance with Micron to secure a combined DRAM market share exceeding 20 percent and better compete with market leader Samsung Electronics, the Yomiuri reported.No comment was immediately available from Elpida. Micron had no comment on the report.

Market Leader, Inc. provides real estate professionals with the tools and services they need to manage and grow their real estate businesses. Shares of LEDR traded higher by 1.22% or $0.03/share to $2.48. In the past year, the shares have traded as low as $1.89 and as high as $3.02. On average, 30581 shares of LEDR exchange hands on a given day and today's volume is recorded at 3575.

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 fell by 0.97% or $-0.07/share to $7.16. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 31487500 shares of MU exchange hands on a given day and today's volume is recorded at 30653322.



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