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Technology Stocks : WDC/Sandisk Corporation
WDC 222.07+3.3%Jan 15 3:59 PM EST

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To: Jim Greif who wrote (8339)12/8/1999 4:36:00 PM
From: Art Bechhoefer  Read Replies (1) of 60323
 
This just in, after the close:

Tokyo, Dec. 8 (Bloomberg) -- Hitachi Ltd., Sanyo Electric Co. and Siemens AG agreed to work together to develop a memory card that would be used to record music and video clips, Nikkei English News reported. The companies are planning to develop a card that would incorporate flash memory and an integrated circuit to guard copyrights. Other companies already working on the development of advanced memory cards include Sony Corp. and Matsushita Electric Industrial Co., NEN said.

In October, SanDisk Corp., the No. 1 maker of flash-data storage products, said it's forming a new company with Toshiba Corp. that will develop devices that can store as much as two hours of video on a single chip.

Is this competition, or is it competition combined with royalty payments? Anyone have any ideas?
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