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Technology Stocks : Full Disclosure Trading

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To: Clint E. who wrote (10481)	11/21/2005 11:53:36 AM
From: Don Green	Read Replies (1) of 13403

Clint E: Comment: Don't know why it is down. Just trying to play any oversold bounce & a move back above 50, if there is any :) Intel, Micron Create Memory Chip Venture By EVAN RAMSTAD Staff Reporter of THE WALL STREET JOURNAL November 21, 2005 11:31 a.m. Two U.S. chipmakers, Micron Technology Inc. and Intel Corp., said they would form a joint venture to manufacture NAND flash-memory chips, creating a significant new rival to the Asian companies that dominate the fast-growing industry segment. Micron and Intel said they will each invest $1.2 billion in cash and assets to the joint venture, dubbed IM Flash Technologies LLC. They also agreed to each add another $1.4 billion to the venture before 2008 if it reaches performance targets. Apple Computer Inc. said it forged contracts to purchase NAND chips through 2010 from several leading manufacturers, including $500 million from the new Micron-Intel venture. Apple this year became one of the largest buyers of NAND chips, which it uses as the key data-storage component in its iPod Shuffle and iPod nano digital music players.

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