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Rumor: Samsung Considers Acquisition of SanDisk
SanDisk Corp., the world's largest maker of memory cards used in digital cameras, surged the most in almost eight years in Nasdaq trading after Samsung Electronics Co. said it may buy the U.S. company. Samsung pays $400 million to $500 million annually to use SanDisk's flash memory patents, according to estimates at Lehman Brothers Holdings Inc. The savings from royalty fees alone may justify an acquisition, Lehman's Chung Chang Won wrote in a note to clients today.
A takeover would help Samsung widen its lead over Toshiba Corp. in the $15 billion market for chips that store data in cameras and portable music players. Chipmakers are under pressure to consolidate after prices halved this year, driving SanDisk to its largest quarterly loss in almost seven years.
Posted by | Fri, Sep 05, 2008 - 01:17 PM
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