Channel Register

Intel and STMicro Flash venture delayed by cash problems

Intel and STMicroelectronics NV have been forced to delay the merger of their cash-starved flash memory units because of "significant turmoil" in the financial markets. The giant memory chip firms confirmed yesterday in separate statements that the planned partnership, dubbed Numonyx, has been pushed back to 28 March next year …

This topic is closed for new posts.

Posted Friday 28th December 2007 03:24 GMT

Matt Bryant

Intel short of cash!!!

Coat

Wow, never thought I'd read that line!

Posted Friday 28th December 2007 21:33 GMT

Morely Dotes

@ Matt Bryant

Don't read too much into that. Intel's flashram business is effectively a separate company from the CPU business, and from the video chipset business, and from the motherboard business, and from the white box server business, and so on. It's all accounting tricks, but what it amounts to is that the parent can take a take writeoff on a business that's losing money to offset the taxes due from a profitable business. The side effect is that each business unit has to negotiate its own credit.

This topic is closed for new posts.

Forums

• Forgotten password