- Monday, 9 November 2009
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Inotera in board re-election
INOTERA MEMORIES will re-elect its board of directors today at a provisional shareholders meeting, with US DRAM firm, Micron, officially stomping in and putting its boots up on the desk, expecting to take five director seats and two supervisor seats.
Inotera had previously flogged its stake in Qimonda to Micron last November, meaning MeiYa Technology, a joint venture between Micron and Nanya Technologies, will also now be integrated into Inotera, which will take over the firm's wafer fabs and clean rooms.
The unhealthy state of the DDR2 market means Inotera will probably be posting a Q4 net loss of approximately $120-150 million when it makes its financial results public next Tuesday, January 20th. µ
L'Inq
DodgyTimes
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Micron are running at a 50% loss for the past 2 years. Who is lending them money to buy up stakes in other memory companies that are also losing money?
How do big time losers get bank rolled so easily?
PS I love micron's Crucial memory supplier, life time guarentee and next day delivery.