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Technology Stocks : WDC/Sandisk Corporation

WDC 175.07

+0.5%

11:04 AM EST

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To: Jason W who wrote (17000)	12/7/2000 7:49:16 AM
From: DaveMG	Read Replies (2) of 60323

ftmarketwatch.com{3A7A5793-6A62-4A17-825A-4C8FA0109E8D} Infineon, IBM in memory chip venture New technology to save battery power in mobile devices By Andrew Bulkeley, FTMarketWatch 8:57:00 AM GMT Dec 7, 2000 MUNICH (FTMW) -- Infineon Technologies [US:IFX], the chipmaking unit of Germany's Siemens [DE:723610], and IBM said they're developing new computer memory that will extend the battery life of portable devices and cut boot times on computers. Magnetic Random Access Memory relies on magnetics rather than electric impulses to store data, cutting power use and allowing the chips to retain some data after power has been switched off, the companies said. The chips will be available in 2004. "(This) represents a major step forward for MRAM, quickly moving the technology out of the pure research stage into product development," said IBM [US:IBM] Vice President Bijan Davari in a statement. Power drain becomes increasingly important as more people rely on portable devices for communication, entertainment and to conduct business. The new chips will likely be used in everything from mobile phones to laptops to handheld games. Shares down Infineon [DE:623100] shares were 2.6 percent lower in morning trading in Frankfurt at €49.09. IBM closed down 6.4 percent in New York on Wednesday at 96 3/4. IBM first developed the technology in 1974 and produced the first chip in 1998, the companies said. A combined workforce of 80 IBM and Infineon employees will work on the project at IBM sites in the U.S. Andrew Bulkeley is a correspondent in Berlin for FTMarketWatch

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